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Interest Rates Impact

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Uploaded on Jul 6, 2011

Central bank governor Prof. Njuguna Ndung'u has cautioned commercial banks against raising their lending rates to uncompetitive levels, saying they risk pricing themselves out of the market. The governor's remarks came just after two more banks raised their base lending rates, putting the number of lenders that have in the last two weeks adjusted their rates upwards, to seven.

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