If governemnt is willing to borrow from banks at 16% what makes u think they will lend to you at 12%.
In the developed world rates are low coz governments are borrowing at 1-2% and inflation is extremely low till the Central bank governors are struggling to raise the rate of inflation.
Workers do not fight for annual adjustments to cater for inflation like it's the case here as prices of basic commodities and food falls.
Here in Africa it's the opposite;controlling and bringing down the rate of inflation is a headache.

With all due respect for opus dei Mei man I feel he should let the market control the rates. But letting those brainless guys mpigs m put a cap to it will slow the economic growth .

Protus tried to control walstreet guys after they were responsible for collapse and he realised it's a complex puzzle to fix

Since I have some shares I bought with banks I would love the banks to put rates at a market rate meaning higher profits better dividends,but as an entreprenuer who wants loans I would love them to bring it down not cap it .so since I'm not an entrepreneur now I would love the first option .

Sasa wewe, hii ya gava 16% na general public 12% umetoa wapi.