•
Commonwealth Bank trims variable mortgage rate Australia’s biggest home lender has cut its variable mortgage rates in a sign the Big Four banks are competing harder for new customers – with more official relief expected. The Commonwealth Bank has trimmed its online-only mortgage by six basis points to 5.84 per cent for new customers.…
•
The Central Bank of Kenya (CBK) disclosed that the average lending rate across commercial banks was 15.77%. Following the reduction of the base lending rate by 0.75%, which brought it down to 10%, the typical loan interest decreased by 0.64%. The Middle East Bank (K) Limited and Access Bank (Kenya) have the highest loan…