Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

CBK moves to rein in cash-hungry banks in borrowing tiff

Analysts predict Treasury could review its domestic borrowing upward to Sh294.6 billion.

Central Bank of Kenya (CBK) and lenders are locked in a battle over the cost of the country’s internal debt as pressure mounts for the Government to borrow ahead of elections.

A highly placed source at the Central Bank told The Standard the regulator is not willing to bow to the tactic by a cartel of fund managers to bid very highly for Treasury bonds and bills.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Support Independent Journalism

Stand With Bold Journalism.
Stand With The Standard.

Journalism can't be free because the truth demands investment. At The Standard, we invest time, courage and skills to bring you accurate, factual and impactful stories. Subscribe today and stand with us in the pursuit of credible journalism.

Pay via
M - PESA
VISA
Airtel Money
Secure Payment Kenya's most trusted newsroom since 1902

Related Topics

CBK