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CBK warns of economic slowdown as it retains benchmark rate

PHOTO:COURTESY

Banks have been accused of starving real estate firms, traders and manufacturers of credit, setting stage for a slowdown in the economy.

Central Bank of Kenya (CBK), which yesterday retained the indicative lending rate at 10 per cent from September, said its data shows that loans to almost a third of the economy had grown at 4.6 per cent.

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