A man holds the new Kenyan banknotes in circulation on June 28, 2019, in Nairobi. The cost of borrowing between commercial banks has jumped to a high of three-and-a-half years amid increased demand for credit, indicating a fresh surge in loan prices amid tightened cash supply in the banking system.
The cost of borrowing between commercial banks has jumped to a high of three-and-a-half years amid increased demand for credit, indicating a fresh surge in loan prices amid tightened cash supply in the banking system.
The interbank rate, the interest charged on short-term loans between banks, stood at 7.16 per cent on March 22, data from the Central Bank of Kenya (CBK) shows, the highest since 7.36 per cent recorded on October 22, 2019.
