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Kenya Commercial banks “lending rates still need to fall”
By AfricaTimes on April 6, 2016
Kenya’s central bank governor said inflation could fall further in coming monthsand 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.
