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Costly loans for borrowers on rising interbank and CBR rates

The rate at which banks lend to each other has gone up by 18% in past four weeks.

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by ALFRED ONYANGO

News02 April 2023 - 13:26
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A cashier at a Nairobi forex bureau counts dollars and shillings.

The average interbank rate has risen for the third consecutive week, a move likely to further push up the overall cost of credit for borrowers. 

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