Series: IMF Working Papers
Author(s): Emre Alper , Benedict Clements , Niko Hobdari , and Rafel Moyà Porcel
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 31 May 2019
Keywords: Bank rates, Interest rates on loans, Mortgages, Interest rate ceilings, Bank credit, Lending rate cap, deposit rate floor, monetary policy, lend rate, small bank
This paper reviews the impact of interest rate controls in Kenya, introduced in September 2016. The intent of the controls was to reduce the cost of borrowing, expand access to credit, and increase the return on sa...