×
The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Central Bank of Kenya (CBK) has thrown out the Kenya Bankers Reference Rate (KBRR) introduced in 2014 as a base rate to calculate the cost of credit.
The regulator’s decision making organ — the Monetary Policy Committee (MPC) — yesterday also maintained the benchmark interest rate at 10 per cent, sparing borrowers the high cost of credit.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join