Kenya’s Central Bank: The Watchful Guardian That Holds Back Its Bite
Over the past year, the Central Bank of Kenya (CBK) has persistently reduced interest rates and urged commercial banks to follow this downward trend. However,...
Over the past year, the Central Bank of Kenya (CBK) has persistently reduced interest rates and urged commercial banks to follow this downward trend. However, despite numerous inspections, warnings, and threats of penalties, borrowing costs for everyday Kenyans have remained largely unchanged. Interest rate reductions failing to benefit borrowers Since October 2024, under the leadership...