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Africa

Kenya Bankers Association Questions Efficacy of Rate Cuts

Following a recent meeting of the Monetary Policy Committee (MPC) in January, the Central Bank Rate was cut for the second time since November 2019 from 8.5% to 8.25%. A recent note from the Kenya Bankers Association Centre for Research on Financial Markets and Policy has questioned whether this will be able to boost credit growth.

Feb 24, 2020 // 6:30AM

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