Topic: MPC
CBK Governor Kamau Thugge shuts down talk of term limits for Kenyan bank CEOs
Oct 09, 2024 at 10:20 PM
In a move that will likely cement the long reign of Kenya’s top banking chiefs, Central Bank of Kenya (CBK) Governor Kamau Thugge has ruled out any immediate plans to introduce t...
CBK cuts interest rates to 12 per cent to spur economic growth, tame inflation
Oct 08, 2024 at 11:09 PM
In a move that is expected to stimulate economic growth and provide relief to borrowers, the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR)....
M-Pesa delinkage from parent, Safaricom, stalled by Sh75 billion tax hurdle
Apr 04, 2024 at 03:56 PM
The Central Bank of Kenya's (CBK) push to separate M-Pesa, the country's dominant mobile money platform, from its operator Safaricom, has encountered a significant hurdle – a pot...
Banking sector faces mounting pressure as non-performing loans hit record high
Apr 04, 2024 at 11:28 AM
Kenya's banking sector is grappling with a significant rise in non-performing loans (NPLs), which has reached a new high of 15.5 per cent of total lending according to Central Bank...
Relief as CBK maintains base rate at 13 per cent amid positive economic shifts
Apr 03, 2024 at 10:42 PM
The Central Bank of Kenya (CBK) has opted to maintain its base rate at 13 per cent for the coming month....
Premium tears for borrowers in Kenya as CBK increases its base lending rate again
Feb 07, 2024 at 02:32 PM
Kenyan businesses and consumers are bracing for tougher times with banks set to raise their interest rates after the Central Bank of Kenya (CBK) raised the base lending rate....
Massive loan default fears as CBK raises base lending rate to 11-year high
Dec 06, 2023 at 10:50 PM
Kenyans are bracing for tough financial times ahead as the Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) executes a substantial increase in the base lending rate, soa...
NCBA Bank raises its lending rates again in response to recent revision by CBK
Oct 11, 2023 at 01:23 PM
NCBA Bank, a financial institution in Kenya, has announced an increase in lending rates effective November 8, 2023....
Government shifts borrowing strategy to ease domestic pressure on interest rates
Aug 11, 2023 at 01:04 PM
In a strategic move aimed at relieving the pressure on domestic interest rates and promoting private sector growth, the Kenyan government has announced a significant shift in its b...
KRA raises fringe benefits tax to 11 per cent amidst soaring interest rates
Jul 26, 2023 at 02:07 PM
In a move that has sent shockwaves through the workforce, the Kenya Revenue Authority (KRA) has announced a significant increase in the tax rate levied on employers offering fringe...
