Standard Chartered recommends further CBR cuts to spur growth

By Kepha Muiruri,

The Standard Chartered bank has recommended further cuts to the Central Bank Rate (CBR) to sustain momentum in Kenya’s economic recovery path in 202...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , Standard Chartered

CBK projects double digit growth in loans to private sector

By Kepha Muiruri,

The Central Bank of Kenya (CBK) expects bank loans to the private sector to eclipse the double digit confidence ceiling in 2020 buoyed by a progressiv...

Central Bank of Kenya (CBK) , Interest Rates , private sector credit

Central Bank lowers base lending rate from 8.50% to 8.25%

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has once again lowered the benchmark lending rate in a move it says is aimed at  supporting economic activity. In ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

CBK expected to hold its base lending rate

By Kepha Muiruri,

The Central Bank of Kenya (CBK) is expected by large to hold its base lending rate at 8.5 percent in observation of the translation of its last policy...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)

Commercial bank loans expected to shape economy in 2020 – Report

By Kepha Muiruri,

The filtering in of new loans into the economy is expected to shape growth prospects across the year following the freeing up of credit terms under th...

2020 economic outlook , Cytonn Investment , Kenya's GDP growth rate

2019 review: Interest caps fall at second attempt

By Kepha Muiruri,

In a seemingly last ditch attempt to salvage the economy off interest cap hurdles, the National Treasury through the then Cabinet Secretary Henry Roti...

CBK , interest rate caps , National Treasury

CBK assures affordable loans but won’t shepherd banks on rates

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has assured Kenyans to the retention of affordable loans in the post rate cap environment in its attempt to demystify ...

CBK , Interest Rates , Kenya Bankers Association (KBA)

CBK cuts base lending rate to 8.5%

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has cut its base lending rate to 8.5 percent from 9 percent, marking the first adjustment to the Central Bank Rate (CB...

CBK , Central Bank Rate (CBR) , mpc

All eyes on CBK on review of Kenya economy base lending rate

By Kepha Muiruri,

All eyes will be on the Central Bank of Kenya (CBK) as it offers guidance on the direction of interest rates in the market. The CBK has been relati...

CBK , CBR

‘Greedy’ lenders to blame for feared hike on bank loan rates

By Kepha Muiruri,

The interest rate charged on your new loan is inevitably set to rise in the aftermath of the interest rate cap repeal in spite of assurances from the ...

CBK , Finance Act , interest rate caps , KBA , Treasury

Banks free to set higher interest rates as Uhuru approves Finance Bill

By Kepha Muiruri,

President Uhuru Kenyatta has signed into the law the Finance Bill 2019 giving nod to among other provisions, the free setting of interest rates by com...

Finance Bill 2019 , interest rate caps , KBA

MPs leave Kenyans at the mercy of banks as rate caps fall

By Kepha Muiruri,

Members of Parliament (MPs) have left Kenyans at the mercy of banks on the rate charged on new loans as the interest rate caps fall. In a chaotic v...

Uhuru sides with banks, calls for removal of interest rate caps

By Kepha Muiruri,

President Uhuru Kenyatta has declined to sign the Finance Bill, 2019 following the move by Members of Parliament to retain interest rate caps. In a...

CBK , interest rate caps , KBA , Uhuru kenyatta

MPs take hard line stand as interest rate capping debate returns

By Kepha Muiruri,

Members of Parliament have turned a deaf ear to the proposed repeal of interest rate caps on commercial bank lending. While banks have recently joi...

interest rate caps , KBA , private sector credit

Banks profitability heading for the rocks, KBA warns

By Kepha Muiruri,

Growth in earnings by commercial banks will soon grind to a halt under prevailing macro-economic conditions, the Kenya Bankers Association (KBA) has w...

CBK , interest caps , Kenya Bankers Association

Banks ask parliament to revise interest rate capping law

By Kepha Muiruri,

Commercial Banks now say if parliament will not repeal the interest rate capping law, it should at least widen the capping band to allow flow of credi...

CBK , interest rate caps , Kenya Bankers Association , National Treasury

Demonetization effects filter into value of Kenyan shilling

By Kepha Muiruri,

The value of the Kenyan shilling has continued its recent slide against the US dollar breaching the Ksh.102 mark for only a second time this year, sig...

Central Bank of Kenya (CBK) , demonetization , kenyan shilling , patrick njoroge

CBK retains lending rate at 9 percent

By Kepha Muiruri,

Central Bank’s Monetary Policy Committee (MPC) has for the sixth time running kept the effecting lending rate at 9 percent signaling a wait-and-see ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , patrick njoroge

Equity defies expensive lender-tag to grow loans to Ksh.297.2B

By Kepha Muiruri,

Equity bank has defied its expensive lender-tag to grow its share of loans and advances by 6% to Ksh.297.2 billion to equal and surpass the average lo...

equity bank , interest caps , James Mwangi , Polycarp Igathe , The Cost of Credit in Kenya

Commercial banks win as court rules interest caps unconstitutional

By Agnes Oloo,

Commercial Banks in the country are all smiles after the High Court in Nairobi on Thursday declared the Banking (Amendment) Act 2016, which capped int...

banking act , Interest Rates