Kenya’s Central Bank overhauls loan pricing model with new interbank benchmark


From September 1, interest on new loans will be tied to the Kenya Shilling Overnight Interbank Average (KESONIA) — a renamed version of the overnight interbank rate that reflects actual transactions between banks.


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Kenya’s Central Bank overhauls loan pricing model with new interbank benchmark

From September 1, interest on new loans will be tied to the Kenya Shilling Overnight Interbank Average (KESONIA) — a renamed version of the overnight interbank rate that reflects actual transactions between banks.

Read Full Story

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