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The Standard e-Paper
Kenya's Bold Newspaper
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.
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Borrowers have been spared the higher cost of loans after the Central Bank of Kenya (CBK) retained its benchmark signal rate at 13.00 per cent following Wednesday's Monetary Policy Committee (MPC) meeting.
CBK said the current monetary policy stance has reduced the threat of money-driven inflation even as banks cut loans to customers and bad loans reach record levels pointing to a worsening debt crisis afflicting Kenyan borrowers.
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