Kenya's central bank governor said inflation could fall further in coming months and that a proposal by lawmakers to cap commercial lending rates would be "extremely harmful".
Central bank says commercial bank lending rates still need to fall
Governor Patrick Njoroge told a news conference on Wednesday commercial banks lending rates still needed to come down.
Kenya Central Bank Governor Patrick Njoroge speaks during an interview with Reuters in his office in the capital Nairobi, December 8, 2015.
Governor Patrick Njoroge told a news conference on Wednesday commercial banks lending rates still needed to come down and that the current account deficit in East Africa's top economy was expected to come to down 8 percent of gross domestic product.
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