The Central Bank of Kenya (CBK) has pushed back against growing speculation that it plans to reintroduce interest rate caps, following public concern over stubbornly high bank lending rates despite a downward shift in the Central Bank Rate (CBR). The panic was triggered by CBK’s April release of a Consultative Paper on the Review of the Risk-Based Credit Pricing Model, a document that sought public input on possible reforms to how banks assess risk and price loans. However, what was meant to be a techni.......
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