LIVE | Monetary Policy Committee Meeting | October 9, 2024
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The Central Bank of Kenya (CBK) has cut the benchmark lending rate by 0.75% to 12%, as expected, to support economic activity.
The rate cut implies commercial banks will cut their prime lending rates going forward and this will stimulate demand for private sector credit, increase aggregate demand, and also boost economic growth.
The decision, delivered by the Monetary Policy Committee (MPC), was fueled by the easing inflation coupled with the slowdown in private sector growth in the Q2 2024.
9 Oct 2024
- DP Gachagua's legal team is determined to put a spirited fight.
9 Oct 2024
- The MP had a public falling out with Gachagua in July 2024.
9 Oct 2024
- The activist recounted the terrifying experience in an emotional interview and vowed to sue the State.
9 Oct 2024
- The Kenyan government has set aside Ksh.100 million for security and other agencies, to assist in evacuating Kenyans in the Middle East due to the volatile situation in the region.
9 Oct 2024
- All Senators and staff of the Senate have been temporarily barred from travelling out of the country pending the Senate's determination of the impeachment against Deputy President Rigathi Gachagua.
9 Oct 2024
- COTU Secretary General Francis Atwoli has dismissed reports that he is eyeing the Deputy President's position should the Senate uphold Rigathi Gachagua's impeachment.
9 Oct 2024
- The Board of the Kenya Association of Air Operators (KAAO) has called for a thorough review of the controversial $1.85 billion (about Ksh.239 billion) takeover of JKIA by Adani Holdings.
9 Oct 2024
- A lawyer accused of stealing a company vehicle in 2023 has been granted a Ksh. 500,000 bond or an alternative cash bail of Ksh. 200,000 after denying the charge filed against him by the Directorate of Public Prosecutions.
9 Oct 2024
- Members of the Civil Society in Kenya have protested Kenya’s bid to seek a seat in the United Nations Human Rights Council.
9 Oct 2024
- In just five hours on Wednesday, five deathly hours, the beasts showed their fangs and flashed their claws... It was time to not just touch 'Murima' but also topple the King.
9 Oct 2024
- Njagi detailed how he was seized on August 19 while travelling in a matatu in Mlolongo. Four masked men approached him, accusing him of carrying a gun.
9 Oct 2024
- At least 20 giraffes have died in the past year after being trapped by these fences.
9 Oct 2024
- Lawyer Paul Muite, Deputy President Rigathi Gachagua's lead counsel wants the cases challenging the DP's impeachment to be referred to Chief Justice Martha Koome to constitute a three-judge bench to hear them.
