The Consumer Federation of Kenya (Cofek) has accused the Central Bank of Kenya (CBK) of falling into the International Monetary Fund (IMF) policy capture and doing too little to instil discipline in the financial services sector.
Cofek, while welcoming a decision by the Finance Committee of the National Assembly to reject CBK’s proposal to scrap the law capping interest rates, also accused the regulator of failing to stem huge government appetite for domestic borrowing.
