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CBK reduces CBR rate

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2012		#101 Posted : Tuesday, January 14, 2014 4:10:45 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		kyt wrote: Pushing the rate to 5% will complicate a lot of issues Issues like? I think 5% would be ok. I know the poorer will not be able to get loans from banks but the economy will grow and put money in their pockets plus it's not like they are even considered for loans by the financial institution even at the current rate. BBI will solve it :)
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muganda		#102 Posted : Tuesday, January 14, 2014 6:00:43 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		Oh what's this just popping up... makes some sense. Eurobond here we come... Arggh! Can't load attachment
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Cde Monomotapa		#103 Posted : Tuesday, January 14, 2014 6:06:02 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		1st time I've seen the CBK explicitly recognize the economic expansion sweeping SSA in its considerations Na Eurobond tunayo, hatuna?? https://www.centralbank....g_of_January_14_2014.pdf
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2012		#104 Posted : Tuesday, January 14, 2014 6:31:32 PM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		And the fuel. Did ERC increase or decrease the price of ngata? BBI will solve it :)
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Rankaz13		#105 Posted : Tuesday, January 14, 2014 9:17:57 PM
Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here		2012 wrote: And the fuel. Did ERC increase or decrease the price of ngata? Increased. Life is like playing a violin solo in public and learning the instrument as one goes on.
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jerry		#106 Posted : Tuesday, January 14, 2014 9:48:28 PM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		Rankaz13 wrote: 2012 wrote: And the fuel. Did ERC increase or decrease the price of ngata? Increased. Super by 1.31, Diesel by 0.21 and paraffin by 2/= The opposite of courage is not cowardice, it's conformity.
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jmbada		#107 Posted : Wednesday, January 15, 2014 7:09:56 AM
Rank: Member Joined: 1/1/2011 Posts: 396		2012 wrote: kyt wrote: Pushing the rate to 5% will complicate a lot of issues Issues like? I think 5% would be ok. I know the poorer will not be able to get loans from banks but the economy will grow and put money in their pockets plus it's not like they are even considered for loans by the financial institution even at the current rate. The lending rate can NEVER go below the rate offered to the Kenyan Govt. T-Bill is at circa 9% (depending on tenor). Why would any lender provide funds to 100-1000 small consumers at below this rate when they can make a simple, easy-to-administer loan to govt. at 9-10%. Then of course, a lender has to make an adjustment for risk profile of borrowers, portfolio risk, operational costs, etc. What I truly feel SHOULD work is an increase in interest paid on deposits. Still ATTROCIOUSLY LOW in my opinion, with no justification.
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Rankaz13		#108 Posted : Wednesday, January 15, 2014 9:55:48 AM
Rank: Elder Joined: 5/21/2013 Posts: 2,841 Location: Here		jmbada wrote: 2012 wrote: kyt wrote: Pushing the rate to 5% will complicate a lot of issues Issues like? I think 5% would be ok. I know the poorer will not be able to get loans from banks but the economy will grow and put money in their pockets plus it's not like they are even considered for loans by the financial institution even at the current rate. The lending rate can NEVER go below the rate offered to the Kenyan Govt. T-Bill is at circa 9% (depending on tenor). Why would any lender provide funds to 100-1000 small consumers at below this rate when they can make a simple, easy-to-administer loan to govt. at 9-10%. Then of course, a lender has to make an adjustment for risk profile of borrowers, portfolio risk, operational costs, etc. What I truly feel SHOULD work is an increase in interest paid on deposits. Still ATTROCIOUSLY LOW in my opinion, with no justification. I wish the Donde Bill had succeeded! Life is like playing a violin solo in public and learning the instrument as one goes on.
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muganda		#109 Posted : Wednesday, March 12, 2014 3:50:19 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		Maintain and hold pattern at 8.5% Cde Monomotapa wrote: @muganda most welcome. There was a MPC (yes hiyo) on March 4th - bilaz https://www.centralbank....ing_of_4_March_2014.pdf
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Intelligentsia		#110 Posted : Wednesday, January 14, 2015 2:07:40 PM
Rank: Elder Joined: 10/1/2009 Posts: 2,436		Any news yet - MPC and KBRR
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