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Parliament rejects request to scrap lending rate caps

NEWS

The Finance and National Planning Committee had instead recommended that the law placing caps be rewritten to give it more clarity.

Parliament rejects request to scrap lending rate caps

By Fredrick Obura | 2 years ago

Members of Parliament discuss court-ordered changes to rate cap law

Members of Parliament discuss court-ordered changes to rate cap law

In March this year, the High Court ruled that the section of the law capping rates was unconstitutional and gave parliament a year to amend it.

Reuters | 2 years ago

Judges suspend interest rate cap law

High Court has ruled that the law setting limits on interest rates charged on loans by banks is unconstitutional.

Fredrick Obura | 2 years ago

Why resisting rate cap removal is a losing battle

Competition benefits the consumer, but price wars can be harmful to the economy.

Otieno Odhiambo | 3 years ago

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