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The CBK has adopted various policies to establish a balance between the supply and demand of the Kenya shilling and the US dollar, including reserve management.
Kenya commercial banks reported an increase in non-performing loans (NPLs) after the Central bank of Kenya (CBK) raised base interest rate to 13%.
The Central Bank of Kenya (CBK) governor, Kamau Thugge, highlighted the reasons leading to the increase in the bank loan base interest rate to 12.5 percent.
Government liquidity reflects a country's adaptability in fulfilling financial commitments and without cash flow, Kenya could default on existing loans.
Prices of petroleum products are expected to rise and Uganda is in the process of pulling out of the oil deal with Kenya due to high prices as a result of middlemen.