Banks seek major CBK rate cut to boost lending

The Central Bank of Kenya (CBK) at Haile Selassie Avenue, Nairobi in this picture taken on March 31, 2024. 

Photo credit: File | Nation Media Group

Commercial banks want the Central Bank of Kenya (CBK) to deliver a major rate cut, anchoring a faster decline in loan rates.

Kenya Bankers Association (KBA), the industry’s lobby, argues inflation has remained below the five percent midpoint while the macroeconomic environment remains resilient leaving the window open for additional rate cuts.

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