Business Daily | by Otiato Guguyu
The cost of loans could jump by up to 1.5 percent if the Central bank of Kenya (CBK) yields to pressure from banks to allow them raise it citing market forces, analysts said.
Loan prices have remained relatively low despite Kenya scrapping legal controls of credit charges on November 7, 2019 because the regulator has blocked bids by banks to raise rates.
Analysts at Ghengis Capital say that the regulator is likely to approve new loan pricing formulas this year that would be…
