Central Bank Of Kenya(CBK) on Haile Selasie Avenue in Nairobi.PHOTO:[Wilbrforce Okwiri,Standard]
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Only one of Kenya’s 38 commercial banks has so far sought regulatory approval for a new, transparent loan pricing model, the Central Bank of Kenya (CBK) Governor Kamau Thugge revealed on Wednesday.
The slow uptake deals a blow to a flagship reform championed by the banking regulator, intended to make lending rates more responsive to monetary policy.
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