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 and get a 30 day free trial to read the full article.

Monthly Subscription

$29.99

Continue

Yearly Subscription

$329.99

Continue

Recent posts

See all

Sandra Beldine Otieno

Consumer confidence wanes in Morocco as thrifty behaviors take hold

Sandra Beldine Otieno

Consumer confidence declines in April, ending five-month growth streak

Sandra Beldine Otieno

Volatility in consumer confidence forecasts a shift in South Africa's political landscape

Subscribe to our free newsletter