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The Standard e-Paper
Truth Without Fear
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.
It will now cost you more to service your loan or access a new one. This is after the Central Bank of Kenya (CBK) increased its benchmark lending rate by 50 basis points to 8.75 per cent - the highest in over three years.
It is the second time in a row that the Monetary Policy Committee, the CBK's decision-making organ, has increased the Central Bank Rate (CBR) in a bid to tame runaway inflation and the weakening of the shilling.
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