×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

US Fed’s interest rate hike to compound Kenya’s debt crisis

Hikes in interest rates in the US may make debt repayment for Kenya more expensive and reduce the country’s foreign exchange cover.

This is on the back of the expected strengthening of the dollar going into the New Year after the Federal Reserve’s Open Market Committee (FOMC) met last week and raised the lending rates in the US by 0.25 per cent to 0.75 per cent.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in