Am not talking abt single digit interest rates. At least not now,perhaps in future, if economic fundamentals improve and the Tbills plummet to around 4-5%,a single digit might be possible. bcoz then,i reckon the CBRR could lie within the same percentage point neighborhood.
The Gok accepts expensive money bcoz its thirsty for funds.we all hope the eurobond will correct this in the short term. in the long term,i hope that KRA improves its targets,oil funds starts to flow, business environment improves,county structures strengthened who knows how high we shall fly.forget the present insecurity,international investors WILL not ignore Kenya..

Increased competition? We have been through this road before. Remember the order some years back that banks should display the loans rates prominently in their branches as well advertise them in newspaper? What became of that? Why are we still talking about stimulating competition when a strategy to that end has already been tried before?

91 Day T/Bill rate down to 9.727% from 11.408%

https://centralbank.go.ke/images...20dated%2014.07.2014.pdf

Hope it keeps falling. Good job this far!

What has our new CBK Governor said?

Interesting times ahead...

I hope the listed banks/financial institutions will take advantage of the times ahead to clean their NPL books and blame it on the economy and start refreshed in the next phase.

Really painful for borrowers. But savers are a happy lot, well if you can competitively bid in those 91day T/Bill auctions. i remember one getting 23% in Dec 2011