Kenyan Cenbank governor says commercial bank lending rates still need to fall - CNBC Africa

Kenyan Cenbank governor says commercial bank lending rates still need to fall

East Africa

by Reuters 0

PHOTO: Flickr

Kenya's central bank governor said inflation could fall further in coming months and that a proposal by lawmakers to cap commercial lending rates would be "extremely harmful".

Governor Patrick Njoroge told a news conference on Wednesday commercial banks lending rates still needed to come down and that the current account deficit in East Africa's top economy was expected to come to down 8 percent of gross domestic product.

 

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