CBK ponders loan relief recall on new lockdown

Central Bank of Kenya Governor Patrick Njoroge. FILE PHOTO | DIANA NGILA | NMG

Loan repayment reliefs could be reintroduced should the country’s economic situation deteriorate amid a deadlier third wave of the Covid-19 pandemic, the Central Bank of Kenya (CBK) said.

CBK Governor Patrick Njoroge Tuesday said that in the event such relief measures are reintroduced, it would require striking a middle ground that would guarantee benefits for both lenders and borrowers.

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