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{
    "id": 277027,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/277027/?format=api",
    "text_counter": 863,
    "type": "speech",
    "speaker_name": "Mr. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Mr. Temporary Deputy Chairman, Sir, I stand to oppose this amendment. Capping interest rates might appear feasible and might be very populist but it can only work if Kenya was a communist country. It cannot work in this country. It cannot work in a country where there is a free market. I want to raise fundamental issues on this amendment. We want to control both the cost and the revenue. That is the worst form of price control. Again, this amendment is very simplistic in view of the structural drivers of interest rates in the market where both the private and public sector must play a very crucial role in the regulation of interest rates."
}