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Silver lining in rates cap as long-term effects emerge
Guests follow proceedings during a small and medium enterprise (SME) summit aimed at discussing the effects of the bank interest rate cap and emerging opportunities at Villa Rosa Kempinski in Nairobi last November. FILE PHOTO | SALATON NJAU | NMG
The interest rate cap has led to several consequences, some of which have been elucidated before in this column.
The most concerning are the effects it has had on monetary policy and access to credit for the private sector. Now, new medium to long-term effects are becoming apparent.
