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Decisive moment for cheap loans as interest rate cap rule put on trial

Central Bank of Kenya(CBK) Governor Patrick Njoroge.

In 2015, the Netherlands shocked the world when it decided that bankers must swear an oath to God to tame their excesses and pledge good conduct in their dealings with clients.

Globally, bankers are willing to go any extra length to engineer complex financial schemes and in the process put economies at risk to make an extra shilling. However, they will still get bailed out by taxpayers.

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