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{
    "id": 959671,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/959671/?format=api",
    "text_counter": 75,
    "type": "speech",
    "speaker_name": "Kiambu, JP",
    "speaker_title": "Hon. Jude Njomo",
    "speaker": {
        "id": 1784,
        "legal_name": "Jude L. Kangethe Njomo",
        "slug": "jude-l-kangethe-njomo"
    },
    "content": "Hon. Deputy Speaker, I would like to remind the Members that before this happened, in 2016, we had, as a House, debated the Banking Act (Amendment) Bill of 2016 and passed it. It was later assented to by the President. This was necessitated by the high interest rates that banks were charging. There was a lot of conversation between business people, Parliament and banks to try and come to a sensible rate of interest that banks were charging, but it never happened. So, it was found necessary to legislate on this so as to safeguard Kenyans from the high interest rates."
}