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Kenyan Banks Urge Larger Rate Cut to Revive Private Sector Lending

Allen Dreyfus
  • KBA calls for a “significant” rate cut to stimulate credit growth
  • Private sector lending slowed despite earlier rate reductions

Nairobi, Kenya – Kenya Bankers Association (KBA), the lobby representing commercial banks, is urging the Central Bank of Kenya (CBK) to implement a larger benchmark rate cut to stimulate private sector lending amidst subdued inflation and a stable currency.

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