CBK, banks plan to lock out Treasury from loan rate approval - Business Daily

The Central Bank of Kenya (CBK) and commercial banks are negotiating to overhaul the Banking Act to designate the CBK as the sole authority responsible for approving changes to lending rates. The Kenya Bankers Association (KBA) is engaging with the CBK to amend the law accordingly. These talks aim to resolve a deadlock over whether the regulator or the Treasury has the authority to approve loan rate increases.