While NBE's
interest rate on variable yield CD was reduced by 1.5% to 14.5% instead of 16%, and the
interest rate on the five-year CD was reduced by 1%
All these factors have hampered the growth of the economy; yet country still remains hopeful to brighter days ahead that improvements in the exchange rate and
interest rate management could make a difference to the economic growth efforts.
Kenya would be better off if the
interest rate cap was removed, or if it was made more flexible, say up to 8 percent above the CBR.
For 14.2 per cent respondents, the economy would be stronger rising inflation but low
interest rate.
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For example, in 2015, when the PSE Index fell into massive correction, the
interest rate, as indicated by the 10-year Philippine bond yield, was only 4.11 percent.
Athens: The overall weighted average
interest rate on new deposits in July 2018 remained almost unchanged, whereas the overall weighted average
interest rate on new loans increased.