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HF Reduces Lending Rates

13, Sep 2012

A week after the central bank’s monetary policy committee lowered its benchmark lending rate to 13%, more financial institutions are taking the cue, giving an indication of lowering their interest rates. Mortgage lender housing finance has announced a five percent reduction in its lending rate to 18% …but with the housing boom having effectively come to a grind, is the latest move likely to stir interest in the real estate sector. Here now is Michael karanja with more.