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Local firms’ foresee an economic rebound on further restrictions ease
By Kepha Muiruri, 947, July 2, 2020 (EAT)
Local enterprises foresee a potential economic rebound should government further ease restriction measures to contain the COVID-19 pandemic. As the...

Central Bank of Kenya (CBK) , COVID-19 , Kenya's economy
CBK holds the benchmark lending rate at 7 percent
By Kepha Muiruri, 1755, June 25, 2020 (EAT)
The Central Bank of Kenya (CBK) has held its benchmark lending rate for the second time at seven percent, noting continued policy transmission on rece...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
Hotels laid off 90 percent of staff in April – Survey
By Kepha Muiruri, 1825, June 17, 2020 (EAT)
Over 90 percent of hotel staff were laid off in April as hotels closed their doors as a result of the COVID-19 pandemic. April’s Monetary Policy ...

Central Bank of Kenya (CBK) , hotels in Kenya , unemployment
60 percent of local businesses to cut jobs in 2020
By Kepha Muiruri, 1819, June 17, 2020 (EAT)
A majority 60 percent of local firms will cut jobs this year owing to the hardships brought forward by the COVID-19 pandemic. According to the Cent...

Central Bank of Kenya (CBK) , unemployment in Kenya
CBK leaves benchmark lending rate at 7 percent
By Kepha Muiruri, 1817, May 27, 2020 (EAT)
The Central Bank of Kenya (CBK) has retained the benchmark lending rate at seven percent breaking the recent cycle of cuts to support the economy. ...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR)
CBK mulls Ksh.100B plan to cushion SMEs against pandemic
By Kepha Muiruri, 1916, April 30, 2020 (EAT)
The Central Bank of Kenya (CBK) says it is working with member banks on a scheme to cushion micro, small and medium enterprises (MSMEs) against shocks...

CBK , COVID-19 , smes
CBK cuts base lending rate to 7% as banks release Ksh.15.3B in Covid-19 support loans
By Kepha Muiruri, 1815, April 29, 2020 (EAT)
The Central Bank of Kenya (CBK) has cut the base lending rate to 7 percent from 7.25 percent in a bid to support further liquidity in the wake of a we...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , Covid-19 pandemic
CBK expected to cut base lending rate amidst uncertainty on policy results
By Kepha Muiruri, 1555, April 27, 2020 (EAT)
The Central Bank of Kenya (CBK) is largely expected to cut its base lending rate further when the Monetary Policy Committee (MPC) meets on Wednesday. ...

Central Bank of Kenya , Covid-19 pandemic , mpc
CBK cuts base lending, commercial bank reserve rate to cushion economy
By Kepha Muiruri, 1944, March 23, 2020 (EAT)
The Central Bank of Kenya (CBK) has trimmed its base lending rate to 7.25 per cent from 8.25 per cent in January as it seeks to support credit issuanc...

Central Bank of Kenya (CBK) , Central Bank Rate (CBR) , coronavirus
Shilling drops to lowest level in five months over coronavirus fears
By Kepha Muiruri, 2102, March 17, 2020 (EAT)
The Kenya shilling touched a five-month low in its trading against the US dollar on Tuesday as concerns on the impact of the coronavirus outbreak cont...

Central Bank of Kenya (CBK) , coronavirus , shilling
Kenyan economy braces for impact after first coronavirus case
By Kepha Muiruri, 1009, March 14, 2020 (EAT)
The local economy is bracing for an unprecedented impact with the first case of the novel coronavirus that was reported on Friday. Economic risks h...

CBK , coronavirus
Central Bank lowers base lending rate from 8.50% to 8.25%
By Kepha Muiruri, 1920, January 27, 2020 (EAT)
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, 2052, January 23, 2020 (EAT)
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)
2019 review: Interest caps fall at second attempt
By Kepha Muiruri, 757, December 31, 2019 (EAT)
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 cuts base lending rate to 8.5%
By Kepha Muiruri, 1102, November 26, 2019 (EAT)
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, 839, November 22, 2019 (EAT)
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
CBK boss warns banks against taking advantage of Kenyans
By Kepha Muiruri, 1001, November 16, 2019 (EAT)
Central Bank of Kenya (CBK) Governor Patrick Njoroge has cautioned banks against side-lining borrowers in the aftermath of the interest rate caps repe...

CBK , KBA
CBK retains base lending rate at 9% for the 16th straight month
By Kepha Muiruri, 1758, September 23, 2019 (EAT)
The Central Bank of Kenya (CBK) has retained the base lending rate at nine percent for the 16th consecutive month on the back of predictable inflation...

benchmark interest rate , CBK
Kenyan shilling sinks to 2-year low
By Kepha Muiruri, 2050, July 25, 2019 (EAT)
The Central Bank of Kenya (CBK) has attributed the ongoing slide of the Kenyan shilling to increased foreign payments by the private sector. The at...

CBK , kenyan shilling , patrick njoroge
CBK leaves benchmark rate at 9 percent as economy holds steady
By Kepha Muiruri, 1828, July 24, 2019 (EAT)
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