Let's agree on one thing,the banks are not reluctant to reduce rates but rather the CBK and Treasury are reluctant. Compare this Kenyan rates with the countries you have quoted above which all contribute to the final interest rate quoted by banks 1. Central bank rate-10.5% 2.Interbank rate 6% 3. Discount window 16.5% 4. T-bill rate-7.9%-Imagine its risk free?? 5. KBRR-8.90% 6.Inflation rate is 5.8% The other ways for the govt to decrease the interest rate is 1. Reduce domestic borrowing or reduce the T-bill/bonds auction rate 2.CBK to reduce the KBRR, CBK rate, REPO and interbank rates coz it doesnt make sense for a bank to borrow expensively from the CBK and lend cheaply or lend cheaply to the public yet it can lend expensively to a risk free entity(GoK)

Aki bankers are liars. There is nothing like lending to a high risk borrower. Which bank in Kenya ever gives money to a borrower while doubting their ability to pay. In fact charging high interest is increasing chances of defaulting. Unless we are talking about the vulture-nature of lenders who lend to persons who cant re-pay so that they can auction their property. That is now over. 1. Bankers are crying wolf like former TELPOSTA employees at the introduction of mobile phones. 2.The same happened with Michuki rules. So called analysts warned of increase in fares. That did not really happen. Bado kuna trip za 10bob. 3. This was the same cry regarding MPESA and Mshwari. I wish somebody can do something about high land prices...despite being an agent. Even some wives (over)charge for landing....conditions wazimu wazimu. Fact: Kenyans are over-charged for everything, including prayers in some churches.

How many times can @Uhuru reject a bill under the current law? Is there a minimum after which the bill automatically becomes a law? like the referendum law. If you have a rogue President surrounded with cartel bankers then that could be a very bad situation for @wanjiko.

So we need to keep high interest rates to make the rich even richer. The time has come for us commoners to say NO and NOOOOOO!!. They take you money , pay you peanuts ( you don't check how risky they of course), then they loan your brother at almost 10 times. This bounders on fraud