If you had taken a loan before interest rates rose, you may have to bear with the rates until you finish paying for the loan. Treasury secretary Joseph Kinyua has defended the banks saying although interest rates and inflation have reduced, banks are not able to lower them as they have higher costs to meet.
The Star (Nairobi)
Kenya: If You Had Taken a Loan You Are On Your OwnBy Joan Wairimu, 19 December 2012
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