Sign in
Download Opera News App



All Borrowers Suffer A Blow After CBK Governor Patrick Njoroge Announces This

Kenyans have been hoping to have a great life now that the campaigns are over and every leader is now expected to deliver. "Hungry" kenyans' eyes would nolonger slumber but keep a sharp eye if the leaders will walk and act their talk.

Just yesterday, President Samoei Ruto had the 13th parliament and assured how he will reduce the cost of living by ensuring all laenders reduce their higher interest on loans.

Unfortunately, according to a post by,on facebook,The Central Bank Of Kenya ( CBK) Governor Patrick Njoroge has claimed the unexpected. He has explained that the kenyan economy as a whole has suffered uncertainties.

Monetary Policy Committee,chaired by Patrick Njoroge,has raised the lending rate from 7.5% to 8.25%. The cost of assessing the loans is now very high and now kenyans are worried what next now that the government will reduce the interest charges on borrowers and avoid their exploitation.

What are your views on new information from CBK? Kindly share.

Source link

Content created and supplied by: CayPol (via Opera News )

CBK Monetary Policy Committee Patrick Njoroge Samoei Ruto


Load app to read more comments