×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Are we on the right path? Why countries around the world have capped costs of borrowing

If MPs’ proposal to put a ceiling on interest rates becomes law, Kenya will join 74 countries that have capped borrowing charges.

Just as similar legislation does in these countries, the objective of the Banking (Amendment) 2015 Bill is to protect borrowers from paying high costs for loans.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in