Andrew K. Mullei
Bank
Central Bank
KTN

Is the era of Personal Loans Over?

Central Bank Governor Dr Andrew K. Mullei was on KTN last night announcing that he was going to raise interest rates to slow down the growth of private sector credit and by extension inflation.

He, however, decried that Bank’s had raised their lending rates too quickly (at least five Bank’s announced interest rate hikes this week of about 2%).

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