Market fears as another interest rate rise looms

CBK Governor, Prof Njuguna Ndung’u. Interest rates remain high despite signals from Central Bank of Kenya to commercial banks to cut lending rates.  [PHOTO: FILE/STANDARD]

By JAMES ANYANZWA

Nairobi,Kenya:Economists are raising fears over a likely surge in the cost of commercial bank loans as the Government borrows heavily from the domestic market to finance its revenue shortfalls.