{"id":25094,"date":"2021-03-30T20:14:24","date_gmt":"2021-03-30T20:14:24","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=25094"},"modified":"2021-03-30T20:14:24","modified_gmt":"2021-03-30T20:14:24","slug":"cbk-responds-to-kenyans-cry-for-covid-19-relief-measures","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures","title":{"rendered":"CBK Responds to Kenyans’ Cry for Covid-19 Relief Measures"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> The Central Bank of Kenya has responded to cries from Kenyans who have been demanding Covid-19 relief measures after President Uhuru Kenyatta\u2019s new public order directive.<\/p>\n

Speaking during a press conference on Tuesday, March 30, CBK Governor Patrick Njoroge said that measures such as waivers and loan restructuring would only be implemented if the situation warrants.<\/p>\n

\u201cIf things turn out that additional measures are needed because the situation has worsened, then the Monetary Policy Committee and other authorities and policy makers stand ready to deal with that,\u201d he said.<\/p>\n

\n
\"CBK<\/div>\n
CBK Governor Patrick Njoroge speaking during a press conference on March 30, 2021<\/div>\n
<\/div>\n<\/article>\n

He added that CBK already had\u00a0measures in its \u2018back pocket\u2019\u00a0that it would unleash if the economic situation got\u00a0worse.<\/p>\n

Governor Njoroge also noted that the economic activity in the rest of the country was not affected as much and that activities\u00a0in the zoned area (Nairobi, Kiambu, Machakos, Kajiado and Nakuru) were still ongoing.<\/p>\n

He reported that Kenya\u2019s economy had recovered in the fourth quarter of 2020 and first quarter of 2021.<\/p>\n

In terms of restructuring of loans, the CBK noted that the institution had to balance the cost of such measures since the money loaned out by banks belonged to other Kenyans.<\/p>\n

\u201cIf from your perspective you are only looking at it as a borrower, for every borrower there is a lender and a depositor. Those funds belong to somebody else as a depositor so it is important to safeguard that,\u201d Njoroge explained.<\/p>\n

\u201cWe don\u2019t want to introduce bad behaviour because it is very difficult to break away from it. The idea of\u00a0being regular with your payments\u00a0is important for all of us,\u201d he added.<\/p>\n

The CBK also maintained the key interest rate at 7% despite a highly uncertain economic outlook.<\/p>\n

The\u00a0rate directly affects commercial banks\u2019 borrowing costs and eventually trickles down to individual borrowers and businesses.<\/p>\n

CBK cut the benchmark rate to 7% from 7.25% in April 2020, at the onset of the covid19 pandemic, and has retained the rate ever since.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: The Central Bank of Kenya has responded to cries from Kenyans who have been demanding Covid-19 relief measures after President Uhuru Kenyatta\u2019s new public order directive. Speaking during a press conference on Tuesday, March 30, CBK Governor Patrick Njoroge said that measures such as waivers and loan restructuring would only be implemented if the […]<\/p>\n","protected":false},"author":84,"featured_media":25066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,2111,8,12],"tags":[1155,1539,136],"class_list":["post-25094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-coronavirus-in-kenya","category-homepage-english","category-policy","tag-cbk","tag-covid-19","tag-uhuru-kenyatta"],"yoast_head":"\nCBK Responds to Kenyans' Cry for Covid-19 Relief Measures - kenya<\/title>\n<meta name=\"description\" content=\"The Central Bank of Kenya has responded to cries from Kenyans who have been demanding Covid-19 relief measures after President\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBK Responds to Kenyans' Cry for Covid-19 Relief Measures\" \/>\n<meta property=\"og:description\" content=\"The Central Bank of Kenya has responded to cries from Kenyans who have been demanding Covid-19 relief measures after President\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-30T20:14:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"470\" \/>\n\t<meta property=\"og:image:height\" content=\"235\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"CBK Responds to Kenyans’ Cry for Covid-19 Relief Measures\",\"datePublished\":\"2021-03-30T20:14:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures\"},\"wordCount\":344,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg\",\"keywords\":[\"CBK\",\"COVID-19\",\"Uhuru Kenyatta\"],\"articleSection\":[\"all news\",\"Coronavirus in kenya\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures\",\"name\":\"CBK Responds to Kenyans' Cry for Covid-19 Relief Measures - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg\",\"datePublished\":\"2021-03-30T20:14:24+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Central Bank of Kenya has responded to cries from Kenyans who have been demanding Covid-19 relief measures after President\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg\",\"width\":470,\"height\":235},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBK Responds to Kenyans’ Cry for Covid-19 Relief Measures\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBK Responds to Kenyans' Cry for Covid-19 Relief Measures - kenya","description":"The Central Bank of Kenya has responded to cries from Kenyans who have been demanding Covid-19 relief measures after President","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures","og_locale":"en_US","og_type":"article","og_title":"CBK Responds to Kenyans' Cry for Covid-19 Relief Measures","og_description":"The Central Bank of Kenya has responded to cries from Kenyans who have been demanding Covid-19 relief measures after President","og_url":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-03-30T20:14:24+00:00","og_image":[{"width":470,"height":235,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"CBK Responds to Kenyans’ Cry for Covid-19 Relief Measures","datePublished":"2021-03-30T20:14:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures"},"wordCount":344,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg","keywords":["CBK","COVID-19","Uhuru Kenyatta"],"articleSection":["all news","Coronavirus in kenya","homepage-english","policy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures","url":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures","name":"CBK Responds to Kenyans' Cry for Covid-19 Relief Measures - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg","datePublished":"2021-03-30T20:14:24+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Central Bank of Kenya has responded to cries from Kenyans who have been demanding Covid-19 relief measures after President","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/03\/DNCBKCOINS1112H.jpg","width":470,"height":235},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/policy\/cbk-responds-to-kenyans-cry-for-covid-19-relief-measures#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"CBK Responds to Kenyans’ Cry for Covid-19 Relief Measures"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/25094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=25094"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/25094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/25066"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=25094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=25094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=25094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}