Posted On: 25-03-2025

MPs Summon CBK Governor Thugge Over High Loan Rates & NSSF Bond Deals

Kenyans are feeling the strain of rising bank loan rates, and MPs are demanding answers. The Central Bank of Kenya (CBK) Governor, Kamau Thugge, has been called upon to clarify why borrowing remains costly despite CBK’s monetary policies. Additionally, he will address concerns regarding how the National Social Security Fund (NSSF) is managing its bond investments. 

Why Does This Matter? 

For many Kenyans, accessing affordable credit remains a challenge. Businesses are struggling to secure financing, homeowners are burdened by increasing mortgage costs, and everyday citizens are left wondering when financial relief will come. Furthermore, the management of NSSF retirement savings raises crucial questions about the security of long-term investments. 

Key Issues at Hand

Why are interest rates still high?

With inflation slowing and CBK adjusting its policies, why do banks continue charging exorbitant rates? 

How is NSSF investing in pension funds?

Are the savings of hardworking Kenyans being managed responsibly, or are they at risk? 

What role does CBK play in protecting Kenyans?

Should stricter regulations be put in place to ensure financial institutions prioritize citizens' needs? 

What’s Next? 

This parliamentary session will put the CBK Governor under scrutiny. Will he justify the high interest rates, or will steps be taken to make borrowing more accessible for Kenyans? Moreover, will MPs push for greater transparency in NSSF’s financial dealings? 

Your Perspective Matters!

Have high loan rates affected your business or personal finances? Do you believe CBK is doing enough to regulate banks? Are you concerned about managing your NSSF contributions? Share your views in the comments! 

To get more information on NSSF/PENSION register for our wealth wave training happening on 5th April.

#ZuritConsulting #KenyaEconomy #CBK #LoanRates #NSSF #FinancialFreedom #BankingCrisis