Pass on rate cuts to productive sectors, Kenyan banks told
Only one outlet has reported this so far: treat it as unconfirmed.
Kenyan banks have been called upon to lower cost of credit to consumers following to sustain growth amid global shocks triggered by higher energy prices. National Treasury Cabinet Secretary John Mbadi said despite the Central Bank of Kenya lowering the Central Bank Rate by 4 percentage points since mid-2024, the average lending rate remains at…
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