CBK Monetary Policy Committee (MPC) urged commercial banks to reflect the base interest rate change in their loan interest rates, failure to face a penalty.

Many of the least expensive new cars sold very well in 2024, and automakers are reportedly planning a flurry of base models in the near future.

The Central Bank of Kenya (CBK) has cut the base lending rate by half a percentage point to 10.75 percent and reduced the cash holdings requirement for banks by a similar margin to 3.25 percent in ...