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CBK boss revives rate cap law debate with scrapping hint

CBK Governor Patrick Njoroge

Central Bank of Kenya (CBK) Governor Patrick Njoroge has reiterated his opposition to the rate cap law, hinting at its possible scrapping.

Terming the law “detrimental”, the governor said yesterday the private sector had been starved of credit to such an extent that the country’s export trade had been affected since few start-ups can produce enough to export competitively.

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