×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

More pain for borrowers as key lending rate hits five-year high

Vocalize Pre-Player Loader

Audio By Vocalize

Borrowers are staring at expensive loans after the Central Bank of Kenya (CBK) raised its policy lending rate by 75 basis points to 9.50 per cent - the highest in four years and nine months - in a bid to stem rising inflation and stabilise the weakened shilling.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Opinion
Contradictions in rural economies 13 years into devolved governance
By Brian Ngugi 22 hrs ago
Business
Return of the bitter pill: Kenya softens IMF stance as Iran shock bites
Business
Court clears way for Sh619 billion EABL shares sale
Sci & Tech
JKUAT to assemble 3,000 computers for digital hubs countrywide