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The Secured Overnight Financing Rate, a benchmark for overnight interest rates in the US, used for pricing loans.
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Kenya’s Central Bank overhauls loan pricing model with new interbank benchmark
TechCabal - Aug 27, 2025
The Central Bank of Kenya has overhauled credit pricing for commercial banks. Starting September 1, new loans will be linked to the KESONIA benchmark.
SOFRKenya Bankers AssociationCentral Bank of KenyaKESONIASONIA
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