×
The Standard e-Paper
Join Thousands of Readers
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Banks are pushing for a further cut in the Central Bank’s benchmark lending rate at its meeting Tuesday, arguing that low inflation and a stable Shilling provide room to stimulate sluggish private sector credit growth.
In a research note, the Kenya Bankers Association (KBA), the industry lobby, said the Central Bank of Kenya’s (CBK) Monetary Policy Committee (MPC) should lower the Central Bank Rate (CBR) from its current 9.50 per cent when it meets today to enable banks to lend cheaply.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join