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The Standard
The Standard Group Plc is a
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Two days after the Central Bank of Kenya (CBK) Governor Kamau Thugge slashed the base lending rate by 0.25 per cent, National Treasury and Economic Planning Cabinet Secretary John Mbadi announced the government’s plan to borrow Sh635.5 billion from the domestic market to fund the 2025/2026 budget.
However, with an economy reeling from high taxes and a huge debt burden that has left businesses gasping for survival, who then stands to benefit from the low interest rate? Is it the government or the private sector? Previously, the plan by the government was to borrow Sh591.9 billion from the domestic market and Sh284.2 billion externally, as contained in the Budget Policy Statement.
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