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The Standard e-Paper
Truth Without Fear
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Central Bank of Kenya (CBK) Governor Patrick Njoroge’s stranglehold on the banks’ pricing has been so strong that lenders have hardly reaped the benefit of a liberal interest rate regime.
Since Kenya removed the interest rate cap towards the end of 2018, nothing significant has changed in loan pricing by commercial banks. The rates have at some point been oscillating at levels below the rate-cap era.
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