{"id":644498,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/644498/?format=json","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."}