Corporate News
Lower call charges ease pressure on cost of living
Kenya’s mobile telephony market has seen the operators halve their tariffs as they race to defend and grow their subscriber numbers. Photo/FILE
By Michael Omondi
(email the author)
Posted Wednesday, September 1 2010 at 00:00
Posted Wednesday, September 1 2010 at 00:00
Low inflation figures are however bound to weaken the bargaining strength of workers unions who have been pegging the annual pay negotiations.
It will also make it harder for the Central Bank to realise the low interest rates regime it has been pushing for because banks will factor in the new inflation rate in what they charge borrowers.
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