Solutions to Awkward Money Situations
what do we do in situations that involve money and we are very unsure about?
CBK Rate Reduced, Bank Loans and Shilling could show effects
what are the effects of the lowered CBR?
Possible Outcome after today’s MPC meeting
Currently, the Monetary Policy Committee (MPC) is meeting to discuss key macro-economic policy matters affecting Kenya’s economy. The Monetary Policy Committee is the organ of the Central Bank of Kenya responsible for formulating the country’s monetary policy. A key item under review in today’s meeting will…
The Tyranny of Financial Commitments
It’s amazing but not surprising the apparent universality of financial struggles individuals and families go through. Statistics shows up to 95% of us live desperately trapped in the vicious treadmill that defy education, race or status. You have probably heard of the adage, about tyranny being like boiling…
Inflation Down, Shilling Weakening, CBR Stays.
The Central Bank Rate has been maintained at 18 percent for the sixth straight month while inflation has dropped to 12.22%
So why has the CBK decided to maintain the Central Bank Rate at 18 percent? One word: Europe.
Central Bank Rate Stays at 18%
The Central Bank of Kenya's Monetary Policy Committee yesterday decided to maintain the benchmark Central Bank Rate at 18 percent.
1.5% Interest Loans For Civil Servants
Micro Finance Institution Faulu Kenya has designed a new loan product that will be charging a low interest rate of 1.5%. This loan is designed for Civil servants and employees of Teachers Service Commission. To access the loans, one would have to produce original copies of identification documents and certified…
Are Your Financial Plans Balanced?
“Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy”- Groucho Marx Having a financial plan is a sure avenue towards attaining financial freedom, but having a balanced financial plan is more important that having a mere financial plan.
Before You Tick the Terms and Conditions Box
The important small print setting on our contractual rights, the one you always sign against before reading could land you into some serious trouble. Research conducted in the United Kingdom revealed that only 7% of Britons read the online terms and conditions when signing up for products and…
Small Banks Come to Borrowers' Rescue
In the wake of all financial difficult times in the country, it has emerged that groups have been befitting their own for survival, literally. A recent survey by The Central Bank of Kenya (CBK) reveals that small banks have been lowering their lending rates for the three months in…
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