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CBK,IMF say law capping interest rates hurts growth of the economy

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The merits and demerits of the law capping interest rates is not about to die off more than five months since President Uhuru Kenyatta signed the banking amendment bill 2016 into law.The latest argument against it is stemming from the Central Bank with the regulator’s board chairman Mohammed Nyaoga saying he would have preferred banks regulating themselves.Nyaoga’s statement on the sidelines of a corporate governance conference event comes just few days after the International Monetary Fund -IMF- said the law capping interest rates should be abolished to stimulate economic growth.

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Faizal Ahmed Interest Rates Business K24Tv
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