“This applies to all existing and new Shilling -denominated facilities and excludes fixed-rate credit facilities.” KCB ...

Powell warned that quicker rate cuts could potentially reignite inflation, while a prolonged pause could destabilize the ...

The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the ...

The national inflation rate for the year ending January 2025 remained at 3.1 percent, the same as it was for the year ending ...

Sharif Zahir, chairman of UCB presided over the meeting at its corporate office, according to a press release.

On inflation, Powell said personal consumption expenditures (PCE) prices have risen 2.6% over the 12 months ending in ...

Federal Reserve Chair Jerome Powell has told lawmakers the central bank is in no rush to cut interest rates, reaffirming the ...

Live coverage of Fed Chair Jerome Powell's semiannual address to Congress. He spoke to the Senate on Tuesday and will speak ...

The Federal Reserve's job is to control inflation, but has little ability to influence one of its biggest drivers, Fed Chair ...

With less restrictive monetary policy and a continued strong economy, the Federal Reserve will not rush to further reduce ...

The Federal Reserve chair delivers his first semiannual monetary policy report of the 119th Congress, where he is expected to ...

Fed Chair Jerome Powell told lawmakers Tuesday that the Fed is not in a hurry to adjust interest rates, reiterating a cautious stance as central bank policymakers digest signs of stubborn inflation ...