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Law Capping interest rates
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:The Great wrote:@Obiero: Do you think the rate caps will be lifted within the next 4 months
What does the exchange bar say? @thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR Or they might tinker with the interest rates on loans to be 70%++ of CBR That will be hard to sell to wanjiku Do you think the government now cares about wanjiku Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,222 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Angelica _ann wrote:The Great wrote:@Obiero: Do you think the rate caps will be lifted within the next 4 months
What does the exchange bar say? @thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR Or they might tinker with the interest rates on loans to be 70%++ of CBR That will be hard to sell to wanjiku Do you think the government now cares about wanjiku 2022
KQ ABP 4.26
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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obiero wrote:Angelica _ann wrote:The Great wrote:@Obiero: Do you think the rate caps will be lifted within the next 4 months
What does the exchange bar say? @thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR @Obiero. Are those your thoughts ,or those of TEB? If bar's, does that mean the leadership will ignore the experts' advice, TWICE? If they insist on keeping it, for whose benefit if the economy is evidently suffering.
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Rank: Elder Joined: 6/23/2009 Posts: 14,222 Location: nairobi
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mkeiy wrote:obiero wrote:Angelica _ann wrote:The Great wrote:@Obiero: Do you think the rate caps will be lifted within the next 4 months
What does the exchange bar say? @thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR @Obiero. Are those your thoughts ,or those of TEB? If bar's, does that mean the leadership will ignore the experts' advice, TWICE? If they insist on keeping it, for whose benefit if the economy is evidently suffering. These are my personal thoughts. The cap can be altered but should not be abolished.. Economic collapse is underway but cannot be solely linked to the capping
KQ ABP 4.26
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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mkeiy wrote:obiero wrote:Angelica _ann wrote:The Great wrote:@Obiero: Do you think the rate caps will be lifted within the next 4 months
What does the exchange bar say? @thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR @Obiero. Are those your thoughts ,or those of TEB? If bar's, does that mean the leadership will ignore the experts' advice, TWICE? If they insist on keeping it, for whose benefit if the economy is evidently suffering. This is about the Mpigs getting cheap loans. Period. Unless the Mpigs get preferential loans, they will frustrate any efforts to repeal the Njomo Bill.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,654
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aemathenge wrote:mkeiy wrote:obiero wrote:Angelica _ann wrote:The Great wrote:@Obiero: Do you think the rate caps will be lifted within the next 4 months
What does the exchange bar say? @thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR @Obiero. Are those your thoughts ,or those of TEB? If bar's, does that mean the leadership will ignore the experts' advice, TWICE? If they insist on keeping it, for whose benefit if the economy is evidently suffering. This is about the Mpigs getting cheap loans. Period. Unless the Mpigs get preferential loans, they will frustrate any efforts to repeal the Njomo Bill. MPigs already have preferential loans and surprisingly they still default. The damage is already done even if the cap was repealed most private sector won't cope with the market rate. Private sector credit demand has dwindled(productive debt). The only borrower in town is GoK (unproductive debt). You are better off checking on the GoK finance distress signals than the interest rate cap. Start with the $1.5B due for repayment next year. Interest rate cap was just one of the ways of postponing the debt crisis. Don't waste the coming crisis-the biggest wealth transfer moment is coming.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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obiero wrote:mkeiy wrote:obiero wrote:Angelica _ann wrote:The Great wrote:@Obiero: Do you think the rate caps will be lifted within the next 4 months
What does the exchange bar say? @thegreat @angelu no. this thing will stay on upto next regime, but they will tinker with the savings interest rate down from 70% of CBR @Obiero. Are those your thoughts ,or those of TEB? If bar's, does that mean the leadership will ignore the experts' advice, TWICE? If they insist on keeping it, for whose benefit if the economy is evidently suffering. These are my personal thoughts. The cap can be altered but should not be abolished.. Economic collapse is underway but cannot be solely linked to the capping So true. The issue is bigger than rate cap. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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wukan wrote:Don't waste the coming crisis-the biggest wealth transfer moment is coming. Could you be so kind and expound on this part, please. Indulge me (us) if you would.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,654
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aemathenge wrote:wukan wrote:Don't waste the coming crisis-the biggest wealth transfer moment is coming. Could you be so kind and expound on this part, please. Indulge me (us) if you would. sovereign debt crisis usually bring change to the privileged elites. The last Africa debt crisis in the 1980's brought the multi-party era. The last kenyan debt crisis around 1999 when debt ratio was 67% eventually saw the KANU exit and the Kibaki wealth transfer moment. Asian 1997 debt crisis saw the exit of Indonesia's Suharto. South Africa debt crisis mid 1980's saw the end of apartheid. That's the silver lining of a debt crisis. Most of Sub-sahara Africa will be in a debt crisis from 2019-2024 the clock is ticking
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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No respite for commercial banks. https://www.businessdail...51482-khjj0g/index.html
This will hit KCB and COOP hardest. Between the two of them there could be atleast 50B from state corporations/parastatals.
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