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Banks to lend less to private sector, says KCB

Private sector credit growth (PSCG) is expected to decline as the country continues to grapple with the adverse economic effects of the coronavirus disease.

PSCG, which was recorded at 8.1 per cent in May according to the data from the Central Bank of Kenya, will be subdued despite relaxation of a number of Covid-19 containment measures aimed at boosting the economy.

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