Bank of Mexico lowers interest rate, citing global concerns

By Reuters,

Mexico's central bank said Thursday it was lowering its benchmark interest rate by a quarter-point to 8%, citing slowing global economic activity and ...

Interest Rates , Mexico

CBK leaves benchmark rate at 9 percent as economy holds steady

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has retained its lending rate to commercial banks for the eighth consecutive time to reflect on the stability of the c...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , Inflation , kenyan shilling

Trump vows rapid, high tariffs on Mexico unless illegal immigration ends

By Reuters,

U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods...

Central America and Mexico migrants , Crackdown on illegal immigrants , Donald Trump , U.S-Mexico border wall , US

U.S. sanctions on Huawei send stocks reeling; yields fall

By Reuters,

European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the U.S. government hit Chinese telecoms giant Huaw...

bonds , gains , rise , stocks , yields

China says fully ready to defend interests in trade war

By Reuters,

China is fully prepared to defend its interests in its trade war with the United States, but hopes the United States can resolve problems through dial...

Kenyans shun banks over stringent loan conditions

By Gloria Magudha,

Kenyans are increasingly borrowing and saving through savings and credit co-operatives (saccos) and mobile money platforms than through formal banking...

bank loans , saccos

CBK holds key lending rate at 9 percent

By Kepha Muiruri,

The Central Bank of Kenya (CBK) has for the third consecutive time held its benchmark interest rate at 9 percent as it attributes the stay on the Cent...

Central Bank , Interest rate

As election nears, Nigeria recommends 50 percent minimum wage rise

By Reuters,

Nigeria’s government is recommending a 50 percent rise in the minimum wage weeks before a presidential election where the cost of living has become ...

Labour Minister Chris Ngige , minimum wage , Nigeria , President Muhammadu Buhari

U.S. oil edges up after tumbling to lowest since June 2017 on economy fears

By Reuters,

Oil prices were mixed on Wednesday as the U.S. benchmark rebounded from steep losses in the previous session, even though concern over the health of t...

Alexander Novak , Kanat Bozumbayev , Margaret Yang , President Donald Trump

China confident it can clinch U.S. trade pact, Trump demands ‘real deal’

By Reuters,

China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that...

china , Chinese leader Xi Jinping , President Donald Trump

China confident it can clinch U.S. trade pact, Trump demands ‘real deal’

By Reuters,

China expressed confidence on Wednesday that it can reach a trade deal with the United States, despite fresh warnings from President Donald Trump that...

china , Donald Trump , Panama and Portugal , United States

World stocks climb after U.S. midterm vote but dollar takes hit

By Reuters,

World stock markets climbed on Wednesday after the U.S. midterm election divided control of Congress, but the vote’s outcome, which cast doubt on fu...

Donald Trump , US midterm election

Democrats gain in House races; Fox News projects they will take control

By Reuters,

Democrats picked up at least 10 Republican-held seats as they moved closer to winning control of the U.S. House of Representatives on Tuesday, but fac...

america , Midterm elections , Trump , US

CBK Governor to seek removal of cap on commercial lending rates

By Reuters,

CBK Governor Patrick Njoroge has said he will keep engaging with lawmakers to seek a removal of a cap on commercial lending rates which are "stranglin...

Kenya Central Bank , Patrick Njororge

Treasury avoids dealing with rate cap in draft law

By Reuters,

A promised move to repeal Kenya's cap on commercial lending rates does not appear in a draft bill on financial markets that was published late on Wedn...

balance of payment support , Central Bank , Financial Markets Conduct Authority , Henry Rotich , IMF , interest rate cap , Jude Njomo , law makers , parliament , Treasury , Uhuru kenyatta

We’ve learnt our lesson on interest caps’, Pres. Kenyatta

By Reuters,

Kenya could modify or scrap a law that caps commercial lending rates, President Uhuru Kenyatta said on Tuesday, recognizing that access to credit for ...

Central Bank of Kenya , chatham House , Commonwealth Heads of State Summit , interest rate cap , London. , risky borrowers , smes , Uhuru kenyatta

World Bank forecasts 5.5pc GDP growth in 2018

By Reuters,

Kenya's economy will grow 5.5 percent this year compared with an estimated 4.8 percent last year, thanks to better weather and less political risk aft...

austerity , Economic Report , fiscal consolidation , GDP , Henry Rotich , interest rate cap , private sector investment , recovery , Treasury , World Bank

Interest rate caps are “unsustainable”, CS Rotich says

By Reuters,

Caps on commercial interest rates in Kenya are unsustainable and the government plans to modify them without driving up lending rates, Treasury Cabine...

banks , cap , IMF , Interest Rates , international monetary fund , lending rates , minimum deposit rate , Treasury Cabinet Secretary Henry Rotich

Budget committee opens to amending rate cap

By Reuters,

The chair of the Kenyan parliament's influential budget committee said on Monday there was a case for altering a cap on commercial lending rates, blam...

banking , Central Bank of Kenya , Deposits , interest rate cap , international monetary fund , Kimani Ichung'wa , Parliamentary Budget Committee

Stanchart projects sluggish economic growth

By Mumbi Warui,

Standard Chartered Bank is projecting a depressed economic growth of 4.6 percent this year, which it says will largely be affected by weak private sec...

banking , barclays bank kenya , Central Bank of Kenya , economic outlook , growth , patrick njoroge , Razia Khan , Stanbic Bank , Standard Chartered bank , Treasury