CBK sets KBRR at 9.13% Impact on Mortgage? - Property - Wazua

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CBK sets KBRR at 9.13% Impact on Mortgage?

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Sober		#1 Posted : Tuesday, July 15, 2014 4:20:22 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		Central bank introduced and fixed the Kenya Bank Reference Rate and fixed it at 9.13%. How will this impact the borrowers? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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XSK		#2 Posted : Tuesday, July 15, 2014 4:31:22 PM
Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi		Sober wrote: Central bank introduced and fixed the Kenya Bank Reference Rate and fixed it at 9.13%. How will this impact the borrowers? How i hope the cost of borrowing will really go down!!!!!!(frustrations galore) You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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dunkang		#3 Posted : Tuesday, July 15, 2014 4:34:30 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831		NONE! Receive with simplicity everything that happens to you.” ― Rashi
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Sober		#4 Posted : Tuesday, July 15, 2014 4:37:06 PM
Rank: Elder Joined: 11/27/2007 Posts: 3,604		XSK wrote: Sober wrote: Central bank introduced and fixed the Kenya Bank Reference Rate and fixed it at 9.13%. How will this impact the borrowers? How i hope the cost of borrowing will really go down!!!!!!(frustrations galore) The cost will reduce for those who've been paying loans effectively although i foresee very few people i the KBRR(-) A rate of the range of KBRR(+6) is what is prevailing for like KCB as we speak for me. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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