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CAPPING INTEREST RATES: Existing interest rates on bank loans will continue for the moment

25, Aug 2016

The Kenya Bankers Association says existing interest rates on bank loans will continue for the moment until the law is changed. The chairman of the association Habil Olaka says the new interest rates may take effect after three weeks. He was speaking this morning a day after President Uhuru Kenyatta signed into law the bill on capping of interest rates on loans.

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