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The Standard e-Paper
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The Standard Group Plc is a
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influence in matters of national and international interest.
The Central Bank of Kenya (CBK) has come up with a new policy directing all banks in the country to use a common base lending rate, Kenya Banks' Reference Rate (KBRR), and disclose their base rates for the general public to know what they should expect when they want to apply for a loan.
The run-up to its implementation saw frenzied speculation on its impact, especially on loans for the borrowers.
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