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Debate continues on what will be used as the base rate,CBR or KBRR

The Central Bank of Kenya has aggravated the confusion over which base rate commercial banks should use to price interest on loans and savings.
A tweet believed to have emanated from the Central Bank appeared to define the Kenya Bankers Reference Rate (KBRR) as the rate to be used and not the Central Bank Rate (CBR) effectively meaning interest rates should not be more than 12.9 percent.
CBK however later sent another tweet recalling the directive saying the initial tweet was a mis-tweet
Faizal Ahmed remains on the interest rates paradox as he finds out why the Central Bank has been silent on issuing the directive on the actual rate to be used weeks after the law capping interest rates became effective.

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