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{
    "id": 1051799,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1051799/?format=api",
    "text_counter": 36,
    "type": "speech",
    "speaker_name": "Sen. Kibiru",
    "speaker_title": "",
    "speaker": {
        "id": 13196,
        "legal_name": "Charles Reubenson Kibiru",
        "slug": "charles-reubenson-kibiru"
    },
    "content": "rate from 8.25 per cent to seven per cent did not meet the objective of lowering the cost of borrowing for the private sector. Mr. Speaker, Sir, for some of us who talk to the business community, including the people in the banks, the banks still feel constrained by some of the administrative rules by the CBK because they are unable to lend to the business community, so that the business community can inject the same into their businesses, and consequently get the economy moving forward or growing. Therefore, there is something there that we need to look at. Having said that, the weighted average lending rate remained stable at around 12 per cent."
}