Why your bank loan may not get cheaper even as CBK cuts interest rates
This story has significance for readers across Kenya and beyond.
Kenyan borrowers may not see their bank loan rates fall by as much as expected even when the Central Bank of Kenya (CBK) cuts its benchmark interest rate. The reason is that the CBK rate is not the final interest rate charged on a loan. Banks also consider funding costs, market conditions and, increasingly, the […]
Reporting originally appeared via People Daily. Read the full source for additional context.