×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

CBK lowers lending rate to 7.25 on coronavirus effect considerations

FILE: Central Bank Governor Patrick Njoroge addresses a press conference in Nairobi on Tuesday, November 26, 2019, regarding Monetary Policy Committee meeting on Nairobi. [David Njaaga, Standard]

The central bank of Kenya has lowered its lending rate to 7.25 from 8.25 to cushion borrowers from the effects of coronavirus

The bank's Monetary Committee met on Monday and noted that the global economic outlook is uncertain due to the pandemic, it, however, could not reveal the extent of the adverse effects on the Kenyan economy because it is still evolving.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • 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