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CBK deal offers reprieve for cash strapped banks

CBK Governor Patrick Njoroge says reduction in the discount window from 14.25 per cent to 13.25 per cent is the lowest in nine years. [David Gichuru]

Central Bank of Kenya (CBK) has moved to avail more cash to Kenyans distressed by the Coronavirus pandemic after it lowered discount window rate by one percentage points.

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