Central Bank Archives - Now In Africa

The Central Bank of Kenya headquarters building in Nairobi on a clear day.

Kenya’s central bank holds key rate steady, keeps growth outlook unchanged

The Central Bank of Kenya has left its benchmark interest rate unchanged and is keeping its economic growth projections at previously stated levels, according to CNBC Africa, signalling a cautious hold on monetary policy as the country navigates a mixed economic backdrop. The decision keeps the Central Bank Rate — the rate at which the […]

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Exterior view of the Central Bank of Kenya headquarters building in Nairobi with its institutional facade and entrance columns.

Kenya’s Central Bank Holds Benchmark Rate at 8.75% as Inflation Stays Within Target

Economy & Business / Leave a Comment

The Central Bank of Kenya has held its benchmark lending rate steady at 8.75 percent, opting to maintain its current monetary policy stance as inflation continues to track within the central bank’s preferred range, according to AllAfrica reporting on Capital FM’s coverage from Nairobi. The rate decision, taken by the bank’s Monetary Policy Committee, reflects

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An exterior view of the Central Bank of Nigeria headquarters, a large modern government building in Abuja.

Nigeria’s Central Bank Reaffirms Commitment to Monetary and Financial Stability

Economy & Business / Leave a Comment

Nigeria’s central bank has restated its commitment to safeguarding monetary and financial system stability as part of its core mandate, according to AllAfrica reporting on Daily Trust. The Central Bank of Nigeria (CBN) said it remains focused on controlling inflation and ensuring price stability, in line with the responsibilities set out in the Central Bank

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The exterior facade of a central bank building with surrounding urban streetscape in an African capital city.

CBK Reforms Helped Restore Stability After 1988 Financial Crisis

Kenya / Leave a Comment

Reforms introduced by the Central Bank of Kenya (CBK) helped restore stability in the country’s banking sector following the financial crisis of 1988, according to Capitalfm.co.ke. The crisis of the late 1980s marked one of the most turbulent periods in Kenya’s post-independence financial history. Several local banks collapsed amid allegations of fraud, mismanagement and weak

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