The Central Bank of Kenya (CBK) has dismissed commercial lenders’ claims that its proposed loan pricing reforms amount to a return to “interest rate capping,” escalating a deepening rift over President William Ruto’s push for cheaper credit.
Governor Kamau Thugge, in a robust response to the Kenya Bankers Association (KBA), reiterated the regulator’s commitment to a “transparent and efficient credit market,” while rejecting the banks’ concerns as unfounded.
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The Central Bank of Kenya (CBK) has dismissed commercial lenders’ claims that its proposed loan pricing reforms amount to a return to “interest rate capping,” escalating a deepening rift over President William Ruto’s push for cheaper credit.
By Brian Ngugi