This takes us back to the initial question of how much profit is enough. Why would a parastatal be keen to purchase bonds rather than improve livelihoods

Partick Njoroge the CBK Governor very clearly says the caps have brought us nothing but trouble.
Our continued keeping of the law amounts to continued shooting of ourselves in the foot.

A no-brainer right from the word go.

The Central Bank of Kenya (CBK) has renewed push for a repeal of the law capping interest rates, which it says is having a negative effect on the economy.

we are living the last days of that law and bank stocks will rally with impunity,the best governor in Africa will not be ignored because this is his reason not to deliver well

Not a question of profitability but banks ignoring the massive risky sectors and individuals ,better an expensive loan which is available than a cheap loan which is not available ...why are banks auctioning hundreds of vehicles if loans are cheap?

The banks have deliberately refused to lend, sabotaging the economy so that they justify the rate cap as the cause. Even more infuriating is the banks haven't put an alternative policy on how they will self regulate when it comes to interest rates. Greed for super profits is all they want and care about..
Why have they not come up with policies where Low risk
Borrowers with good credit rating get loans at rates like 10% or less. While risky borrowers pay higher rates?

In UK for instance, you can borrow for as little as 2% and for as high as 3600%
It all depends on ones credit worthiness

In Kenya however, every Dick Tom and Harry are gauged with the same yard stick. Because of the utter ineptness and laziness the bankers. Meaning good creditors are made to offset the banks losses from defaulters and bad creditors

Those here on wazua attacking the interest rate cap are nothing but shareholders desperate for a bumper dividends