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.
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,
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.
Kenya central bank cuts main lending rate to 12%
NAIROBI, Oct 8 (Reuters) - Kenya's central bank cut its benchmark lending rate (KECBIR=ECI), opens new tab 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 ...
Kenya Cuts Interest Rate for Second Straight Meeting
Kenya’s central bank cut its benchmark interest rate for the second consecutive time after inflation eased to a 12-year low on slower food and fuel price increases.
Business Daily Africa6h
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 ...
The EastAfrican6h
CBK cuts interest rate by record margin since Covid-19
Lower benchmark rate signals relief for borrowers saddled with costly loans and reverses a slowdown in demand for credit.
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 ...
Hoodline1h
Tennessee Department of Financial Institutions Sets Borrowing Rate at 12% Following Federal Reserve Adjustment
Tennessee's borrowing cost is set at 12% per annum, calculated with a 4% margin above the Federal Reserve's prime rate.
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 ...
LEADERSHIP Newspaper1d
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 ...
Kenya's central bank should start cutting lending rate, finance minister says
Kenya's central bank rate should start lowering its lending rate due to falling inflation in recent months, Finance Minister ...
Newstalk ZB9h
Kiwibank makes lending rate cut ahead of OCR decision
Kiwibank is cutting its variable lending rates by 50 basis points (bps) on the eve of the Reserve Bank’s next Official Cash ...