Interest rates to remain high as State ups domestic borrowing

IMF Managing Director Christine Lagarde and Treasury Cabinet Secretary Henry Rotich when she visited Kenya recently. Financing State operations from domestic debt could increase fiscal pressures. [PHOTO: KIBERA MBUGUA]

By James Anyanzwa

Interest rates are likely to remain high in the next financial year starting July 2014. This is as the State continues to borrow from the domestic market to finance its revenue shortfall.