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 ...
Central bank leaving lending rate at 6.0 pc
MONETARY decision makers have decided to leave the central bank rate (CBR), the lending rate offered to banks and other financial institutions, unchanged at 6.0 percent for the quarter ending December 2024.
People’s Bank of China cuts medium-term lending rate
The People’s Bank of China (PBoC) said in a statement that it was cutting the rate on 300 billion yuan ($42.6 billion) of one-year medium-term lending facility (MLF) loans from 2.30% to 2.00%. The 30 basis point cut was the biggest since the central bank began using the monetary tool to guide market interest
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,
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
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 near term.
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 Cuts Interest Rate for Second Straight Meeting
Kenya’s central bank delivered its biggest interest-rate cut since the pandemic to help boost economic growth, after inflation eased to a 12-year low.
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 John Mbadi said on Wednesday. Kenya's government targets an inflation rate of between 2.
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Kiwibank makes lending rate cut ahead of OCR decision
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Agriculture sector registeres highest lending rate
Agriculture tops the list with a lending rate of 21.5 per cent, primarily due to high risks associated with the sector ...
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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 ...