×
The Standard e-Paper
Home To Bold Columnists
The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
Audio By Vocalize
The Central Bank of Kenya (CBK) recently announced an increase in its lending rate by 75 basis points. This means that the rate at which CBK lends money to commercial banks will increase from 7.5 per cent to 8.25 per cent.
It also means that commercial banks will increase by the same margin, or even higher, what they charge their clients when lending them money.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join