MPs should bring back a law capping interest rates to bring down the cost of loans, the nominee for the post of Deputy Governor of the Central Bank of Kenya (CBK) Susan Jemutai Koech has said.
Dr Koech also told lawmakers that the current interbank foreign exchange market had collapsed and that her vision is to put in place a functional and vibrant interbank forex market, bring down the cost of credit and oversee the acquisition and mergers of banks.
