The Federal Reserve of the US is today set to cut interest rates for the first time this year, easing Kenyans’ burden of servicing nearly Sh1 trillion loans from the standard gauge railway (SGR) and syndicated debt pegged on America’s global benchmark lending rate.
The 12-member Federal Open Market Committee (FOMC) of America’s central bank, under pressure from President Donald Trump to lower borrowing costs, is seen cutting the benchmark interest rates by about 0.25 percentage points.
