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Equity Bank to cut loan rates, urges further CBK action

Equity Life Assurance Limited Managing Director Angela Okinda, Equity Group Managing Director and CEO Dr James Mwangi and Group Operating Officer Samwel Kirubi during the Q3 2024 Investor Briefing event on Sept 30, 2024. [Wilberforce Okwiri, Standard]

Equity Group chief executive James Mwangi yesterday welcomed the Central Bank of Kenya's (CBK) recent decision to lower interest rates, adding that the bank itself also plans to pass on these benefits to customers by reducing its own interest rates within the next seven days.

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