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{
    "id": 644498,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/644498/?format=api",
    "text_counter": 66,
    "type": "speech",
    "speaker_name": "Hon. (Dr.) Pukose",
    "speaker_title": "",
    "speaker": {
        "id": 1458,
        "legal_name": "Robert Pukose",
        "slug": "robert-pukose"
    },
    "content": "Thank you, Hon. Deputy Speaker for allowing me to contribute to the Banking (Amendment) Bill (National Assembly Bill No.62 of 2015) by Hon. Jude Njomo. At the outset, I thank the Hon. Member for the effort he has put in coming up with this amendment Bill. This amendment Bill is aimed at curbing the interest rate at 4 per cent above the CBK rate. I know some of my colleagues are going to bring an amendment to curb it at 4 per cent above the Kenya Banks’ Reference Rate (KBRR), which is well calculated, compared to the CBK which is prone to manipulation considering the past experience."
}