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

In March, consumer sentiment soars to record high

Sandra Beldine Otieno

Consumer sentiment reflects caution as Uganda raises its Central Bank Rate

Sandra Beldine Otieno

Shaky consumer confidence spells trouble for ruling party in Senegal

Subscribe to our free newsletter