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Law Capping interest rates
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Mainat
#1521 Posted : Thursday, November 24, 2016 12:10:12 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
I am betting on the dollar.
Sehemu ndio nyumba
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hisah
#1522 Posted : Thursday, November 24, 2016 12:42:24 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
maka wrote:
Yowel wrote:
lochaz-index wrote:
Mainat wrote:
Now imagine if CBK was forced to raise interest rates due to Ksh weakening.
Uhuru reminds me of MOi in many ways

That day is fast approaching.


This one you are right and its scary. Now consider a scenario where the US fed raises its interest rate, the dollar strengthens, other currencies weaken and we have that huge dollar denominated debt. Interest rates will be raised to stem kes devaluation and we shall grind to a halt.


Anarchy....Sad

We've been preaching this gospel at the investors lounge thread. Many emerging nations currencies will be waterboarded by the USD. People were laughing at Zambia holding prayers for its economy and currency as it got ripped apart. This boat is about to get overloaded pretty soon. 2017 the USD will be a hated currency for the damage it will cause worldwide as it becomes a dragon!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Metasploit
#1523 Posted : Thursday, November 24, 2016 12:45:44 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
hisah wrote:
maka wrote:
Yowel wrote:
lochaz-index wrote:
Mainat wrote:
Now imagine if CBK was forced to raise interest rates due to Ksh weakening.
Uhuru reminds me of MOi in many ways

That day is fast approaching.


This one you are right and its scary. Now consider a scenario where the US fed raises its interest rate, the dollar strengthens, other currencies weaken and we have that huge dollar denominated debt. Interest rates will be raised to stem kes devaluation and we shall grind to a halt.


Anarchy....Sad

We've been preaching this gospel at the investors lounge thread. Many emerging nations currencies will be waterboarded by the USD. People were laughing at Zambia holding prayers for its economy and currency as it got ripped apart. This boat is about to get overloaded pretty soon. 2017 the USD will be a hated currency for the damage it will cause worldwide as it becomes a dragon!


At a 13 year high and bears are losing it..Look at the breakout chart

http://www.investopedia....dollar-hits-13year-high/

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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guru267
#1524 Posted : Thursday, November 24, 2016 3:05:57 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
We are slowly moving towards reversing this retarded law.
Mark 12:29
Deuteronomy 4:16
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watesh
#1525 Posted : Thursday, November 24, 2016 3:24:45 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Yowel wrote:
Interesting Statistics: in 2007/2008 and the chaos that erupted, kenya's benchmark interest rate was at 8.5% it went as high as 18% in 2012. Inflation in 2008/2009 was 32%, 2012 was around 18%. The currency devaluation was from 63 to 80 against the usd.

So if next year we dare repeat the past.

Our currency will be worse than Nigeria's
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Nandwa
#1526 Posted : Thursday, November 24, 2016 4:42:54 PM
Rank: Veteran

Joined: 11/17/2009
Posts: 1,049
Of course this law was ill advised. The common guy on the streets was happy about it(what do they ay about ignorance and bliss) but the so called benefits pale in comparison to the straits it causes the economy.

Akin to giving a baby a knife to make them stop crying for it - the danger is more dire!
Just as absolute power corrupts leaders, so does absolute fanaticism blind the people from logic
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watesh
#1527 Posted : Thursday, November 24, 2016 9:41:31 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch
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Angelica _ann
#1528 Posted : Thursday, November 24, 2016 9:46:21 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,936
watesh wrote:
As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch

How come Equity Bank is not experiencing the same on their mobile platform?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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tom_boy
#1529 Posted : Thursday, November 24, 2016 10:26:41 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
Interest rate caps is the best thing to happen to Kenya. For once banks will lend sensibly and hopefully stem the channeling of funds into dead capital projects like buying land for speculation.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Shak
#1530 Posted : Thursday, November 24, 2016 11:09:57 PM
Rank: Elder

Joined: 2/22/2009
Posts: 2,449
Location: Africa
Angelica _ann wrote:
watesh wrote:
As KCB sleeps on its golden opportunity with Safaricom, CBA is laughing all the way to the bank 52% growth in net profit thanks to mshwari...not feeling that interest rate cap pinch

How come Equity Bank is not experiencing the same on their mobile platform?

Probably because mshwari is still charging the 7.5pc 'fee' while equitel has complied with the rate cap
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