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{
    "id": 700969,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/700969/?format=api",
    "text_counter": 104,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Recently, this House rose to the occasion and made a historic decision to legislate on the upper limits of the interest rates and the lower limits of the interest rates - Risk Discount Rate (RDR). On that note, I want to start by congratulating the House for rising to the occasion and making the historic decision. I also want to thank His Excellency the President, for rising to the occasion and signing the Bill. Today, in the history of Kenya, Kenyans are now enjoying the lowest interest rates since Independence. I want to encourage Kenyans to seek loans because they can now repay them. I also want to encourage banks to take the Central Bank (Amendment) law seriously and positively, so that borrowers are not frustrated. I expect that the new Board which I hope the House will approve today, will assist the Governor in the management of that process."
}