I remember when ERC introduced the formula for determining the price of fuel, from the way the oil companies were talking it was like Armageddon had arrived. So far apart from sporadic shortages around 15th of the month when the prices are expected to go up, all is calm.

In a belated rush at self regulation, banks are suddenly falling over themselves sign a 'non legally binding' MOU to reduce rates, indicating that there was always room to reduce rates but banks were more driven by the pursuit of super normal profits as the expense of the economy. Lets have a taste of these controls.

May Uhuru sign this thing ASAP then we can see how many Kenyans who currently qualify for loans are going to be denied the same.

As Isaac Ruto says, "msituletee upuzz hapa". Banks will now style up.

This year it will be tough on us in terms of dividends ,also banks will take a fair share of shaving.feeling this might trigger deep bear run

What is the downside of the Govt capping interest rates?

Introduction of new fees into loans or an upward movement in the current fees on loans