Search

Kenyan Banks Urge Larger Rate Cut to Revive Private Sector Lending

Subscriber only Subscriber only
Allen Dreyfus
  • KBA calls for a “significant” rate cut to stimulate credit growth
  • Private sector lending slowed despite earlier rate reductions

Nairobi, Kenya – Kenya Bankers Association (KBA), the lobby representing commercial banks, is urging the Central Bank of Kenya (CBK) to implement a larger benchmark rate cut to stimulate private sector lending amidst subdued inflation and a stable currency.

You need an active subscription to continue reading this article.

Recent Business

Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
nathana-reboucas-z300lDNWM_M-unsplash
Southern Africa’s payment system nears $1 trillion in settlements
Read More »
People traveling in a canoe in Ganvie, Benin. Photo @ Unsplash
Benin unveils record $6.7bn budget ahead of election
Read More »

Recent Politics

Youths in Nigeria protest against brutalities Photo by Ayoola Salako @ Unsplash
Nigeria inflation slows to 20.12% in August, fuelling rate cut hopes
Read More »
Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast vote: Is Ouattara headed for a one-man race?
Read More »

Latest Posts

Latest news insights