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MPs set for new bruising battle over interest rates

Post Bank headquarters banking hall. (Wilberforce Okwiri. Standard)

The High Court ruling that found the law capping bank interest rates unconstitutional has exposed cheap loans to fresh assaults by powerful institutions led by the Treasury and Central Bank of Kenya.

Also expected to join the onslaught on interest controls are Washington-based World Bank and International Monetary Fund (IMF), which have not hidden their disdain for the radical legislation.  

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