Lending rates for commercial banks to remain at 10%-Central Bank

Lending rates for commercial banks to remain at 10%-Central Bank

Central Bank Of Kenya-FILE

BY EURIDICE NZIOKA,NAIROBI,2017-The central bank of Kenya says lending rates by the commercial banks in the country will remain at 10% owing to the high cost of food and basic commodities.

Central bank governor Patrick Njoroge  says  the same case  applies to the domestic borrowing .

Speaking to the press Tuesday when he gave his statement of monetray policy Njoroge  also says the banking sector in the country remained resilient despite higher operating costs.

 

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