Intrigues behind new push to topple rate cap regime

IMF building [Photo: Courtesy]

Those who have been campaigning against the interest rate cap over the last one and a half years have set up an elaborate strategy to either do away with it altogether or radically water it down.

This conversation is happening behind closed doors, with opposers crafting rules that will decide what interest will be charged on the Sh2.4 trillion the country has presently borrowed.