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Economy
What it means for Kenyans as CBK raises benchmark lending rate to 8.25%
September 30, 2022
Lawrence Baraza
0

What it means for Kenyans as CBK raises benchmark lending rate to 8.25%

The Central Bank of Kenya (CBK) raised the benchmark lending rate by 0.75 basis points to 8.25 Thursday for fear of looming inflation. The move is meant to slam breaks on inflation that soared to its record 8.3 percent from 7.9 in June – the highest

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Benchmark Lending RateCBK
Finance Markets
What you need to know about central banks raising benchmark lending rate
June 16, 2022
Lawrence Baraza
1

What you need to know about central banks raising benchmark lending rates

Central Banks in both developed and emerging economies are raising their benchmark lending rates amidst the high cost of living due to soaring inflation rates. The lending rates have a considerable impact on the economy for consumers and businesses from both spectrums. The recent country to revise

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Benchmark Lending RateCentral Bank of KenyaInflation Rate
Markets
CBK raises benchmark lending rate to 7.5% over risks to inflation outlook
May 30, 2022
Lawrence Baraza
0

CBK raises benchmark lending rate to 7.5% over risks to inflation outlook

The Central Bank of Kenya (CBK) raised the benchmark lending to 7.5 percent for the first time since July 2015. The Monetary Policy Committee (MPC) in a meeting Monday, cited the elevated risks to inflation outlook due to increased global prices. CBK first set the lending rate

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Benchmark Lending RateDr. Patrick Njoroge
Economy
CBK to tame mobile rate transactions in fresh reforms
March 30, 2022
Collins Ogutu
0

CBK retains benchmarking rate at 7%, cites global uncertainties

The Central Bank of Kenya (CBK) has for the umpteenth time retained the Central Bank Rate (CBR) at 7 percent on the account of increased risk of inflationary pressures arising from the global uncertainties. This is the thirteenth time CBK is maintaining the rate at 7

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Benchmark Lending RateCBKMPC
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