Kenyan ambassador John Mwangemi on credit growth, interest rates law

PUBLISHED: Fri, 04 May 2018 10:22:21 GMT

Although central banks generally maintained an accommodative monetary policy in 2017, credit growth remained sluggish and the cost of borrowing often prohibitive; CNBC Africa spoke to Amb. John Mwangemi High Commissioner for the Republic of Kenya to Rwanda and started by asking him about the interest rate caps introduced in 2016 by the Central Bank of Kenya.

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