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View Full Version : Kenyan Rates Spike to 31% as Central Bank Fights With Lenders on Credit - Bloomberg



NewsWhore
09-12-2011, 06:10 PM
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Kenyan Rates Spike to 31% as Central Bank Fights With Lenders on Credit (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNELLRy_U8GPPth4wpnyZqY38_EpGw&url=http://www.bloomberg.com/news/2011-09-12/kenyan-rates-spike-to-31-as-central-bank-fights-with-lenders-on-credit.html)
Bloomberg
The central bank in August restricted liquidity to commercial banks to prevent them from speculating in the currency market, forcing borrowing costs up by more than 20 percentage points within two weeks. The decision followed a January rate cut even as ...

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