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Kenya Forum/News
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Why Bankers Are Urging CBK to Lower Lending Rates

kenyans.co.ke/news/1...

submitted 10 months ago by Samuelwriter_ke

Why Bankers Are Urging CBK to Lower Lending Rates

submitted 10 months ago by Samuelwriter_ke

Why Bankers Are Urging CBK to Lower Lending Rates
  • The Kenya Bankers Association has called for a further reduction in interest rates to encourage more borrowing and support economic growth, citing stable inflation indices and the need to reverse a deceleration in private sector credit.
  • The Central Bank of Kenya recently lowered the base lending rate, aiming to stimulate economic activity by making loans more affordable for borrowers and boosting consumer demand for goods and services.
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