Why lending rates will remain high

The Central Bank of Kenya in Nairobi.

The Central Bank of Kenya in Nairobi. 

Photo credit: File | Nation Media Group

The week started at positive note – or so I thought. “Bank CEOs summoned over expensive loans, cheap deposits”, run the headline of this leading business newspaper.

The policymakers are finally working, I thought to myself, as I made my way to an engagement with private sector membership organisations.

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Note: The results are not exact but very close to the actual.