"Dear Customer, due to an increase in CRB rates from 7% to 7.5%, your existing loan interest rate will be increased by 0.5%, effective 1 July 2022. This adjustment will reflect on your loan facilities with us under CRB."
CRB interest rates increase
- Thread starter Cortedivoire
- Start date
Denis Young
Elder Lister
The question I ask myself is how does increasing rates help fix inflation in a country not suffering from an influx of shillings? Isn't the problem currency devaluation? If that is the case, won't increasing rates just cause an increase in the cost of doing business, which will be passed on to consumers therefore boosting inflation????
How Do Higher Interest Rates Bring Down Inflation? (Published 2022)
Our columnist is responding to readers’ questions. This week, he focuses on inflation, with the help of a bond maven and a Nobel laureate.
