×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Ruto urges for single-digit loan rates as CBK to meet bank chiefs

Central Bank Of Kenya on Haile Selassie avenue in Nairobi. [Wilberforce Okwiri, Standard]

Pressure is mounting on commercial banks to reduce their interest on loans following a recent cut in the Central Bank Rate (CBR) to stimulate credit to small businesses and individuals.

President William Ruto and Central Bank of Kenya (CBK) Governor Kamau Thuge yesterday asked commercial banks to consider lowering their lending rates to help spark credit growth.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • 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