The stickiness of bank lending rates with respect to money market rates is often regarded as an obstacle to the smooth transmission of monetary policy impulses. Yet, no systematic measure of the ...

Commercial banks have rejected a proposal by the Central Bank of Kenya (CBK) to control lending rates, and instead want a ...

2,00,000 with the following terms: ・Interest Rate: 12% per annum ・Loan Tenure: 2 years Using a simple interest formula, the total interest would be: Interest = Principal x Rate x Time / 100 ...