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The Standard e-Paper
Kenya's Bold Newspaper
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The decision by the Central Bank of Kenya (CBK) to cut the benchmark rate will take time to have the desired results.
According to the World Bank’s new report, the monetary policy which saw the Central Bank Rate (CBR) lowered by 0.5 percentage points will take longer to counter the effects of Treasury’s austerity measures.
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