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{
    "id": 721692,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/721692/?format=api",
    "text_counter": 320,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "One of the other things we should look at when amending this Bill is capping interest which will be payable by the Government on Treasury bills and bonds. For instance, we should cap anything below 10 per cent on amounts which Government borrows for the 90 days Treasury bills. If we are to use T-bills and bonds to regulate the money market economy, maybe what it borrows for 30 days and below can be up to 13 or 14 per cent. But beyond 90 days if we are able to cap it to less than 10 per cent, then banks will have no alternative but to lend to Kenyans. That is how we will spur our economy to grow."
}