Business Daily;
Parliament has stepped up its bid to tame high interest rates through legislation just weeks after commercial banks heeded a call by the Central Bank of Kenya (CBK) and abandoned plans to raise lending rates.
Anamoi MP Benjamin Lang’at, who chairs parliament’s Finance Planning and Trade Committee, said a Bill that seeks to empower CBK to regulate interest rates has been forwarded to the Government Printer for publishing.
“We have scrutinised the Bill and we have cleared it for the next stage. Hopefully the Bill will be published in a week,” Mr Lang’at said.
Read more on BD;MPs publish Bill to tame interest rates
