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Do Interest Rate Controls Work? Evidence from Kenya1

Do Interest Rate Controls Work? Evidence from Kenya1 »

Source: Do Interest Rate Controls Work? Evidence from Kenya

Volume/Issue: 2019/119

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

ISBN: 9781498313957

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...

Do Interest Rate Controls Work? Evidence from Kenya

Do Interest Rate Controls Work? Evidence from Kenya »

Volume/Issue: 2019/119

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

DOI: http://dx.doi.org/10.5089/9781498313957.001

ISBN: 9781498313957

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...