×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Banks should follow suit and cut lending rates

When the Central Bank of Kenya cut its benchmark-lending rate by 150 basis points for the first time in 18 months to 16.5 per cent, there was a sigh of relief from borrowers.

Economists had warned that restrictive monetary stand was hurting economic growth. They held there was need to ease to support investments and economic growth.

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