KENYA: INTEREST RATE CAP ULTIMATUM PAYS OFF AND IS SET TO BOOST ECONOMIC GROWTH

KENYA: INTEREST RATE CAP ULTIMATUM PAYS OFF AND IS SET TO BOOST ECONOMIC GROWTH

   Thu, 07 November 2019

The lifting of the interest rate cap puts Kenya on a firmer growth trajectory, while improving chances of an IMF standby facility being approved, unlocking massive new loans from development finance institutions. While demand for local currency government debt will shrink, private sector lending will be boosted as banks launch an SME lending campaign.



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