The Central Bank of Kenya Governor Dr Patrick Njoroge today held an online press briefing following the Monetary Policy Committee meeting on 29th July. The MPC retained the benchmark rate at 7 percent for the third straight month. READ MORE..

Kenya’s central bank has retained its benchmark rate at 7 per cent for the third consecutive month. CBK says that the package of policy measures implemented since March were having the intended effect on the economy, and will be augmented by the implementation of measures in the FY2020/21. READ MORE..

Commercial banks have continued to extend relief to borrowers with loan restructures to cushion against the pandemic hitting Ksh.844.4 billion in June.

The improvement of restructured loans from Ksh. 679.6billion in May is in line with the Central Bank of Kenya (CBK) emergency measures announced in Mid-March to shield borrowers from the economic turmoil arising from COVID-19.