Resolved1 update
Banks to reduce the cost of credit to the lowest in 29 years
Story-level discussion
Start here
Banks have reduced the cost of credit to the lowest level in 29 years due to a consistent drop in the Central Bank of Kenya ( CBK) benchmark lending rate. The drop is also attributed to reduced rate at which lenders extend credit to high-risk borrowers during this Covid-19 pandemic. The new trend has reduced fears of
What happened
Banks have reduced the cost of credit to the lowest level in 29 years due to a consistent drop in the Central Bank of Kenya ( CBK) benchmark lending rate. The drop is also attributed to reduced rate at which lenders extend credit to high-risk borrowers during this Covid-19 pandemic. The new trend has reduced fears of
No updates yet on this story. Use the composer above to add the first node.