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Kenya central bank cuts main lending rate to boost private sector credit
Kenya's central bank slashed its benchmark lending rate to 12.00% from 12.75% on Tuesday, in a move aimed at stimulating credit to the private sector, the bank's monetary policy committee (MPC) said in a statement.
Central Bank of Kenya cuts interest rate by record margin since Covid-19
The Central Bank of Kenya (CBK) has cut the benchmark interest rate by the largest margin since the start of Covid-19 economic hardships in March 2020, signalling relief for borrowers saddled with costly loans and reversing a slowdown in demand for credit.
Kiwibank cuts lending rate by 50bps ahead of Reserve Bank’s Official Cash Rate decision
The consensus among economists – including those at Kiwibank – is the Reserve Bank (RBNZ) will cut interest rates by 50bps to 4.75% tomorrow. Elliot Smith, Kiwibank’s chief customer officer business banking,
Kenya central bank cuts main lending rate to 12%
Kenya's central bank cut its benchmark lending rate to 12.00% on Tuesday, from 12.75%, the bank's monetary policy committee (MPC) said, adding that the move was aimed at boosting credit to the private sector.
Non-lending financial service companies are better placed than banks in a rate cut scenario: Report
The non-lending financial service companies are better equipped to manage the impacts of rate cuts compared to traditional lending businesses, highlighted a report by Deven Choksey Research. The report noted that the non-lending financial services like life insurance companies have demonstrated a stronger ability to adapt to changes in
Bank of Uganda cuts key lending rate again
Uganda’s central bank cut its benchmark policy rate by 0.25 percent to 9.75 percent on Monday in a further sign of subdued inflationary pressures and the spillover effects from softening of monetary policy actions undertaken by leading central banks.
Uganda central bank cuts its key lending rate to 9.75%
Uganda's central bank lowered its key lending rate by 25 basis points to 9.75% on Monday, saying that inflation was expected to remain below its target in the near term. Inflation eased to 3.0% year-on-year in September,
Debtors in Kenya offered some relief with a record interest rate cut
The Kenyan interest rate has been cut by a large margin, the like of which was last seen during the global pandemic. The Kenyan economy has been on a recovery path given its steadily declining inflation levels since the year began.
11h
Why has RBI kept Repo rate unchanged for the tenth time and what does change in stance to neutral mean?
The RBI’s policy panel kept the Repo rate steady in a 5:1 majority decision. New MPC Member Nagesh Kumar, Director and Chief ...
8d
How Fed rate cuts may impact consumers
The Federal Reserve cut its key lending rate by 0.5% on Sept. 18. While it remains to be seen how many more rate cuts will ...
2d
Uganda central bank trims key lending rate again
Uganda's central bank trimmed its key lending rate on Monday by 25 basis points for the second time in a row, lowering it to 9.75%, saying that inflation was expected to remain below its target in the ...
13h
RBI Monetary Policy Meeting 2024: RBI keeps repo rate unchanged at 6.5% for 10th time in row, stance changed to ‘neutral’
This means that all external benchmark lending rates linked to the repo rate will not increase, giving relief to borrowers as ...
LEADERSHIP Newspaper
2d
MPR: Elevated Interest Rate To Tighten Lending Conditions For SMEs
In light of this, the director general of the Lagos Chamber of commerce and Industry, (LCCI) Dr. Chinyere Almona has stated ...
Business Daily Africa
23h
Private sector loans collapse to interest-rate cap era lows
Loans to businesses and households collapsed in August to low levels registered in the interest-rate cap era seven years ago ...
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