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IMF now kicks up storm with calls for scrapping of rate-capping law

Kiambu MP Jude Njomo who sponsored the bill that led to the Banking (Amendment) Act 2016 at a past interview with The Standard. He has dismissed IMF calls for its abolishment. [Photo: Felix Kavii/standard]

The International Monetary Fund (IMF) wants the law capping interest rates abolished to stimulate growth.

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