KCB welcomes Central Bank’s new ‘key repo rate’

The new ‘key repo’ rate by the National Bank of Rwanda (NBR) towards local commercial banks has been welcomed by the Kenya Commercial Bank (KCB). The ‘key repo rate’ is a rate at which the Central Bank lends to commercial banks. The higher the rate the more it is likely to reduce the liquidity in the banking system.
KCB boss Maurice Torou00eftich (File photo)
KCB boss Maurice Torou00eftich (File photo)
Times Reporter