Treasury dismisses MPs’ move to cap interest rates as cosmetic stunt

Treasury Cabinet Secretary Henry Rotich. [PHOTO: JONAH ONYANGO/STANDARD]

The Government has dismissed the move by legislators to cap interest rates as a ‘cosmetic’ stunt that will barely address the root cause of the problem.

National Treasury Cabinet Secretary Henry Rotich said that unlike members of the National Assembly, the Government has for the last five years been working on ways of bringing a lasting solution to the issue of high interest rates that had made life unbearable for most Kenyans.