_central-bank-puzzled-by-private-sector-lending-slowdown.jpg "Central Bank puzzled by private sector lending slowdown from indicators of healthy economy Video Screenshot Preview")
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⏲ Duration: 2 min 66 sec
✓ Published: 23-Sep-2016
✓ Published: 23-Sep-2016
Description:
Central Bank of Kenya Governor Patrick Njoroge has said the bank is still trying to understand why numbers from the banking sector for July and August showed a decline in private sector lending growth yet key indicators indicated economy was growing at a healthy rate. nnGrowth fell to 8 percent in July and 7 percent in August from Central Banks projection of between 12-15 percent. nnIn December 2015, credit to the sector grew by 18 percent. n n“We are still looking at the puzzle, but as at now
Central Bank of Kenya Governor Patrick Njoroge has said the bank is still trying to understand why numbers from the banking sector for July and August showed a decline in private sector lending growth yet key indicators indicated economy was growing at a healthy rate. nnGrowth fell to 8 percent in July and 7 percent in August from Central Banks projection of between 12-15 percent. nnIn December 2015, credit to the sector grew by 18 percent. n n“We are still looking at the puzzle, but as at now
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