×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

CBK cuts key lending rate, defies banks' calls for sharper cuts

The Central Bank of Kenya (CBK) has cut its benchmark lending rate, delivering a smaller reduction than commercial banks had sought to stimulate sluggish credit growth, highlighting a growing tussle over the cost of borrowing as the economy slows. 

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