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CBK emergency loan fees to Treasury down 17pc on rate cuts
The Central Bank of Kenya in Nairobi. The CBK is likely to be more aggressive in pushing rates lower as it addresses a contraction in private sector credit.
Charges on the government’s overdraft facility at the Central Bank of Kenya (CBK) dipped by 17 percent to Sh3.48 billion in the six months to December 2024, new data shows, reflecting cuts in the apex bank’s benchmark rates which guide the fees on the emergency loans.
A report by the Controller of Budget (CoB) Margaret Nyakang’o said fees on the overdraft dropped by Sh730 million in the half-year to December 2024 compared to the previous year.
