Interest rate cap on loans to be abolished | Kenya Business Discussion Forum
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Interest rate cap on loans to be abolished

Discussion in 'Biz News & Opinion' started by Bizna Reporter, Sep 14, 2017.

  1. The law that capped interest rate on loans at 14 per cent last year is set to be abolished. This is according to the Governor of Central Bank Patrick Njoroge. Mr. Njoroge said that the rate cap had brought problematic effects on the economy and the banking sector in general. “It is in our interest […]

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