JUST IN: Equity Bank Plans Further Loan Interest Reductions After CBK’s Rate Cut 

  Equity Bank has announced plans to reduce its loan interest rates in response to the Central Bank of Kenya’s (CBK) recent cut in the benchmark rate. On November 12, Equity Group CEO James Mwangi expressed support for CBK’s decision to lower interest rates and revealed that the bank would pass these benefits to its customers by reducing its loan rates within the next seven days. Mwangi also emphasized that the government’s efforts to reduce local borrowing would encourage lenders to prioritize private borrowers over government loans, thus stimulating lending to individuals. “We are excited about what CBK is doing by
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