Monetary Policy Committee (MPC) fixed the Central Bank Rate (CBR ) at 9 percent for the second time during the 25th September meeting.
This means commercial banks regulated by the Central Bank will have up to a maximum of 13 percent as the interest rate to be charged on loans borrowed.
Led by the Central Bank Governor Patrick Njoroge, the committee came to the conclusion after noticing a decrease in Non Performing Loans (NPLs),tolerable inflation rates among other economic factors.
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