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{
    "id": 877489,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/877489/?format=api",
    "text_counter": 401,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung'wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "Hon. Temporary Deputy Speaker, the Committee also observed that the Central Bank of Kenya has eased the monitory policy in the past to support economic activity. However, credit to the private sector has not increased significantly; it was estimated to have remained below 5 per cent against a target of 8.8 per cent in 2018. Accessibility of credit by the private sector is important for the economy as it ensures continued expansion of businesses and creation of employment, which then increases revenue for Government. It is instructive to note that about two years ago, this House effected the interest rate capping law but, in our very humble view, it is probably time to look at how we can treat this law to ensure that we do not continue to lock out the private sector from accessing credit and thereby stifling economic growth and consequently record falling revenues."
}