The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) has announced a reduction in the Central Bank Rate (CBR) from 12.00 percent to 11.25 percent to stimulate economic growth.

In a statement on Wednesday, CBK’s Monetary Policy Committee (MPC) said policy initiatives introduced at the onset of the pandemic have had the intended effect on the economy. “The MPC ...

CBK cautioned any rogue bank found resisting the rate cuts would be penalised. The regulator announced this after its Monetary Policy Committee (MPC) meeting on Wednesday lowered the CBR by 50 ...