×
App Icon
The Standard e-Paper
Join Thousands Daily
★★★★ - on Play Store
Download App

Housing Finance expects rates to fall in Q3

An expected easing in Kenyan interest rates from the second half of 2012 could give relief to house buyers struggling with last year's sharp jump in rates, the CEO of specialist mortgage lender Housing Finance said on Wednesday.

Commercial lending rates leapt to about 25 percent late 2011, from 15 percent, after the central bank raised its policy rate by more than 11 percentage points to fight inflation and a slump in the currency.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • 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