Central Bank of Kenya, the government’s fiscal agent. Kenya’s National Treasury’s plan to secure cheaper loans from commercial banks and pension funds has started playing out in the local money markets with central bank rejecting bids it considers “expensive.” PHOTO | FILE | NMG
Kenya’s National Treasury’s plan to secure cheaper loans from commercial banks and pension funds has started playing out in the local money markets with central bank rejecting bids it considers “expensive.”
The EastAfrican has learnt that investors are demanding a compensation for the value of their money eroded by inflation, which is hovering at a record high of 9.5 percent as a result of high fuel and food prices.
