Bankers cagey on loans pricing plan after end of rate cap

Barclays Bank transition programme director Anthony Mulisa. PHOTO | DIANA NGILA | NMG

Bankers have remained non-committal on their loans pricing plan, almost six weeks after scrapping of the interest rate capping law.

While some executives maintained that they will continue to rely on the Central Bank Rate (CBR) as the money market’s signal, quite a number of them expect the rates of government paper to determine the price of money.

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