MPs set for new bruising battle over interest ratesPost Bank headquarters banking hall. 25 of 26, which criminalises charging of interest rate by financial institutions at more than four percentage points above the Central Bank Rate (CBR) set and published by Central Bank of Kenya. CBK and IMF attributed the drop to the interest rate cap. “Is the interest rate cap in the whole of East Africa region? One of the petitioner’s claims in the suit was that the rate cap interfered with CBK’s monetary policy role.

Source: Standard Digital March 16, 2019 21:05 UTC