Tuesday, July 8, 2014

CBK sets new banks’ basis rate

NAIROBI, Kenya, July 8- The Central Bank of Kenya (CBK) has set the first Kenya Banks Reference Rate (KBRR) at 9.13 percent, which will be the basis rate for banks to price their loans to borrowers. This formula was developed as an outcome of discussions between the stakeholders, CBK and lead by The National Treasury […]

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