Saturday, September 29, 2018

MPC Retains CBR at 9 Percent

    September 29, 2018   No comments

CBK's MPC Meeting

Monetary Policy Committee (MPC) fixed the Central Bank Rate  (CBR ) at 9 percent for the second time during the 25th September meeting.

This means commercial banks regulated by the Central Bank will have up to a maximum of 13 percent as the interest rate to be charged on loans borrowed.

Led by the Central Bank Governor Patrick Njoroge, the committee came to the conclusion after noticing a decrease in Non Performing Loans (NPLs),tolerable inflation rates among other economic factors.


Mwabaya Katana

About Mwabaya Katana

Mwabaya is an experienced and talented finance content creator based in Kenya. He is the Founder of Loans Kenya Blog.

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