How President Uhuru Kenyatta caught banks flat-footed in move to cap interest rates

KCB group CEO and Managing Director Mr, Joshua Oigara KCB group half year pretax profits on 4th August 2016. Central Bank of Kenya (CBK), National Treasury, and all 42 banks loved and loathed lower interest rates in equal measure. (PHOTO:WILBERFORCE OKWIRI/ STANDARD)

Central Bank of Kenya (CBK), National Treasury, and all 42 banks loved and loathed lower interest rates in equal measure.

But only President Uhuru Kenyatta has dared draw the line.