Hikes in Federal Reserve interest rate benchmark and pressure on the shilling may see Kenya borrow expensively to finance relatively cheap debt, a senior research economist at Commercial Bank of Africa (CBA) has said.
Speaking at an economic forum to discuss how the country can achieve growth amid fiscal imbalances, Faith Atiti said the fact that US interest rates have cumulatively gone up by 200 basis points in the recent past means the cost for future borrowing is also set to rise.
