CBK's unprecedented rate increase to dent consumer confidence

CBR.Ke

In a bold financial move, the Central Bank of Kenya announced on Tuesday, February 6, its decision to increase the borrowing rate for banks from 12.5% to 13%. This decision, disclosed following a Monetary Policy Committee (MPC) meeting presided over by Governor Kamau Thugge, marks the highest interest rate …

This content is premium. Already a subscriber? Log in

Please subscribe to read the full article.

Monthly Subscription

$29.99

Continue

Yearly Subscription

$329.99

Continue

Recent posts

See all

Sandra Beldine Otieno

Soaring inflation tests the limits of Nigerian resilience

Sandra Beldine Otieno

Consumer sentiment holds steady in January

Sandra Beldine Otieno

Zambia’s rates hit record high, stirring consumer worries

Subscribe to our free newsletter