The kinetics of the complex formation between bovine cathepsin S and bovine stefin B was studied by conventional and stopped-flow techniques.The inhibition at low inhibitor concentrations was tight and reversible (k,,, = 5.8 x 10' M-' s-l, kdlrr = 4.9 x 10m4 s-' at pH 6.0 and 25"C), whereas at higher inhibitor concentrations it was pseudo-irreversible (k,,, = 6.14 x 10' M-' SC'). The complex was formed directly lacking the fast preequilibrium step with the dissociation equilibrium constant of -8 pM. The competitive nature of inhibition was confirmed. The k,, was found to be pH-Independent between pH 6.0 and 7.5 and decreased at lower or higher pH values in a way that strongly suggests involvement of two ionizable groups in the interaction (pK, = 5.2, pKz = 8.3). The enzyme-substrate interaction seems to be influenced by different ionizable groups (pK, = 4.4, pK, = 7.8).