Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
DTB forecasts fall in loan interest rates starting mid of current year
Principal Secretary State Department for Investment Promotion Abubakar Hassan Abubakar (left), Diamond Trust Bank CEO Nasim Devji (Centre) and DTB Finance Director Alkarim Jiwa during DTB third economic and sustainability engagement forum at Serena Hotel in Nairobi on February 14, 2024. PHOTO | LUCY WANJIRU | NMG
Diamond Trust Bank (DTB Group) is tipping interest rates on loans to start falling in mid-year as inflation eases, and the shilling finds some muscle against the dollar in a move that could ease pressure on borrowers.
DTB head of research and analysis Faith Atiti said Wednesday in the bank’s economic and sustainability forum in Nairobi, that the Central Bank of Kenya Monetary Policy Committee (MPC) could most likely keep retain its CBR at the current 13 percent and start bringing down the rate around June.
