JUST IN: Mbadi Calls for Further Rate Cuts to Stimulate Private Sector Lending
Treasury Cabinet Secretary John Mbadi has voiced strong support for additional interest rate cuts by the central bank to stimulate lending to the private sector and promote job creation. On his 50th day in office, CS Mbadi highlighted that reducing the benchmark rate would invigorate the economy by enhancing market liquidity. “The solution to the economy is to find ways to lower the lending rates that banks charge the private sector. We want interest rates to decrease so banks can provide more funds to private businesses, creating more job opportunities and putting money in people’s pockets,” Mbadi stated. On October
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