In Kenya 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.

  • Published:
Kenya Central Bank Governor Patrick Njoroge speaks during an interview with Reuters in his office in the capital Nairobi, December 8, 2015. play Kenya Central Bank Governor Patrick Njoroge speaks during an interview with Reuters in his office in the capital Nairobi, December 8, 2015. (REUTERS/Thomas Mukoya)
24/7 Live - Subscribe to the Pulse Newsletter!

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".

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.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.