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{
    "id": 430096,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/430096/?format=api",
    "text_counter": 342,
    "type": "speech",
    "speaker_name": "Hon. Lati",
    "speaker_title": "",
    "speaker": {
        "id": 2762,
        "legal_name": "Jonathan Lelelit Lati",
        "slug": "jonathan-lelelit-lati"
    },
    "content": "Hon. Temporary Deputy Speaker, there are obvious strengths also within our economy. If you look at the CBR which is an equivalent of the Federal Funding Streams and this is the overnight borrowing by banks, it is coming down. At the moment, the Central Bank of Kenya (CBK) is charging less money on interbank overnight banking that builds into the rate at which our people borrow and I think it is a very important rate. In fact, in America it is the most important rate in all of its economy because once banks can borrow easily at lower rates, then people and the general public can also do so and that builds into our investment framework. If we can borrow at a lower rate, then investments for our country is something that we can build on."
}