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{
    "id": 260427,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/260427/?format=api",
    "text_counter": 444,
    "type": "speech",
    "speaker_name": "Mr. Kenyatta",
    "speaker_title": "The Deputy Prime Minister and Minister for Finance",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": " Mr. Deputy Speaker, Sir, we engaged with the hon. Member. I recall that as we engaged and continued to engage, including with the banking sector and the Central Bank, we were the first at the Treasury to agree with him that there is a problem that needs resolution. We continued with that engagement. I remember that even on the day that it was on the Order Paper I came to the Floor of this House and requested the then Temporary Deputy Speaker, Mr. Imanyara, to allow that this Order be deferred to give me time to continue to engage that particular hon. Member. We continued to engage with that hon. Member in trying to hammer out a solution that will deal with the issue of interest rates, but at the same time not affect the overall policy direction of the Government and, indeed, of our own economy. Mr. Deputy Speaker, Sir, it is unfortunate, and I think that is where I made my mistake. I think I should have referred that matter to the relevant Committee in order to have witnesses here today as to the number of discussions that we have had. Ms. Martha Karua has made a statement here, which I concur with, that, indeed, there is need for regulation. Regulation, however, does not mean necessarily legislation. That is because legislation itself can have an impact on other areas. That was the point we were going to get through to this particular hon. Member. Mr. Deputy Speaker, Sir, all the way to the last minute---"
}