CBK Holds Lending Rate at 8.75% Amid Stronger Economic Growth, Falling Cost of Credit
The committee said the rate remains appropriate as it watches inflation, exchange-rate stability and fuel costs tied to the Iran war.
8 Articles
8 Articles
Kenya Joins Peers in Leaving Interest Rates on Hold on Iran War
Kenya’s central bank warned inflation could breach its target if the US-Iran war persists, as policymakers held the benchmark interest rate for a third time in a row to monitor the conflict’s impact on the economy.
CBK Reveals How El Niño Rains Could Affect Kenya’s Economic Growth
The Kenya Times ~ Trending, Breaking News and Videos CBK Reveals How El Niño Rains Could Affect Kenya’s Economic Growth The Central Bank of Kenya (CBK) has said the impact of the anticipated El Niño rains could play a key role in determining Kenya’s economic growth, with favourable weather conditions potentially pushing growth above current projections. Speaking during a Monetary Policy Committee (MPC) press briefing on the country’s economic ou…
CBK Holds Interest Rate at 8.75% as Inflation Ticks Up, Economy Accelerates
The Central Bank of Kenya (CBK) left its benchmark lending rate unchanged on Monday, opting for policy continuity even as inflation edged higher and the economy posted its strongest quarterly growth in over a year. The Monetary Policy Committee (MPC) kept the Central Bank Rate (CBR) at 8.75 percent following its meeting, judging that the current stance continues to keep price growth in check without unsettling the shilling. In a statement explai…
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