
TechCabal
February 17, 2025 at 12:24 PM
On February 14, the Central Bank of Kenya (CBK) gave us a masterclass on power play. After months of resisting the CBK’s four consecutive cuts to the benchmark interest rate, commercial banks are now hastily adjusting their lending rates following the apex bank’s threat of imposing daily fines for non-compliance.
👨🏿🚀In today's headlines:
1️⃣ Analysts reluctant to predict January inflation
2️⃣ Kenyan commercial banks to lower lending rate as Central Bank threatens fines
3️⃣ Airtel Money is making a play to win the Kenyan fintech and telecoms market
Read TC Daily 👉 https://techcabal.com/2025/02/17/techcabal-daily-race-to-the-bottom/