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mlennyma		#2431 Posted : Friday, March 09, 2018 1:21:50 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Baratang wrote: mlennyma wrote: HaMaina wrote: End of cheap loans as Uhuru okays scraping of Interest rate by September Read more at: https://www.standardmedi...k-loans-set-to-end-soon why that far or it was forced unwillingly I think the International Mater F***ers (IMF) should have consulted the mad pigs in the pigsty (parliament) first before meeting Uhuru. Right now, most if not all of them are enjoying the cheap loans and adjusting the interest upward and hence the loans repayments may not resonate well with them. What happens if they throw that interest rate decapping proposal through the window? The president knows his mps nobody can dare challenge "Don't let the fear of losing be greater than the excitement of winning."
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Spikes		#2432 Posted : Friday, March 09, 2018 1:35:44 PM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		mlennyma wrote: Baratang wrote: mlennyma wrote: HaMaina wrote: End of cheap loans as Uhuru okays scraping of Interest rate by September Read more at: https://www.standardmedi...k-loans-set-to-end-soon why that far or it was forced unwillingly I think the International Mater F***ers (IMF) should have consulted the mad pigs in the pigsty (parliament) first before meeting Uhuru. Right now, most if not all of them are enjoying the cheap loans and adjusting the interest upward and hence the loans repayments may not resonate well with them. What happens if they throw that interest rate decapping proposal through the window? The president knows his mps nobody can dare challenge Yeah...Mr. President knows he's fully supported by sycophants in the house. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Ericsson		#2433 Posted : Friday, March 09, 2018 2:00:14 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		mlennyma wrote: HaMaina wrote: End of cheap loans as Uhuru okays scraping of Interest rate by September Read more at: https://www.standardmedi...k-loans-set-to-end-soon why that far or it was forced unwillingly To give kenyans time to prepare accordingly Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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aemathenge		#2434 Posted : Monday, March 12, 2018 12:44:53 AM
Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya		Spikes wrote: Yeah...Mr. President knows he's fully supported by sycophants in the house. On this issue, The Jury is still out. Copy and Paste extract: Quote: Calls by International Monetary Fund to abolish or modify the Interest rate cap are in bad faith and will disadvantage ordinary citizens. Kiambu Member of parliament Jude Njomo said IMF is using biased data from the Kenya Bankers Association to push their agenda without interests of the public. Njomo introduced the interest rate cap bill to parliament in 2015 to cap banking lending rates. The bill signed to law by President Uhuru Kenyatta in September 2016 has seen many banks, policy makers and Key stakeholders in the financial sector call for its repeal claiming that it is hurting the economy. “IMF can only advice us but not tell us what to do, we are an independent state and the decision to scrap the laws lies with the National Assembly which passed them,” Njomo said. According to IMF, the controls are undermining effectiveness of monetary policy aimed at ensuring price stability and supporting sustainable economic growth. He criticised the international policy maker on matters finance for using data from KBA that is not independent instead of carrying out their own research. Source Link: The Star https://mahegoat.wordpress.com
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Ericsson		#2435 Posted : Monday, March 12, 2018 1:15:49 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		aemathenge wrote: Spikes wrote: Yeah...Mr. President knows he's fully supported by sycophants in the house. On this issue, The Jury is still out. Copy and Paste extract: Quote: Calls by International Monetary Fund to abolish or modify the Interest rate cap are in bad faith and will disadvantage ordinary citizens. Kiambu Member of parliament Jude Njomo said IMF is using biased data from the Kenya Bankers Association to push their agenda without interests of the public. Njomo introduced the interest rate cap bill to parliament in 2015 to cap banking lending rates. The bill signed to law by President Uhuru Kenyatta in September 2016 has seen many banks, policy makers and Key stakeholders in the financial sector call for its repeal claiming that it is hurting the economy. “IMF can only advice us but not tell us what to do, we are an independent state and the decision to scrap the laws lies with the National Assembly which passed them,” Njomo said. According to IMF, the controls are undermining effectiveness of monetary policy aimed at ensuring price stability and supporting sustainable economic growth. He criticised the international policy maker on matters finance for using data from KBA that is not independent instead of carrying out their own research. Source Link: The Star The law was good but the Government and treasury abused it. Jude Njomo should have studied what NARC did in its first term to bring down the lending rates without passing a law Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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murchr		#2436 Posted : Friday, March 16, 2018 3:38:10 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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snifadog		#2437 Posted : Friday, March 16, 2018 5:40:01 PM
Rank: Member Joined: 6/6/2016 Posts: 167 Location: Nairobi		this IMF is in bed with western DFIs who then disburse these loans through the local banks and expect good returns on them. how they have succeeded in keeping such questionable motives out of this discussion is impressive. the banks were crying doom and gloom when the law was signed.. its earnings season and things are BAU
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tafutabiz		#2438 Posted : Monday, March 19, 2018 12:42:06 PM
Rank: New-farer Joined: 10/3/2014 Posts: 20		snifadog wrote: this IMF is in bed with western DFIs who then disburse these loans through the local banks and expect good returns on them. how they have succeeded in keeping such questionable motives out of this discussion is impressive. the banks were crying doom and gloom when the law was signed.. its earnings season and things are BAU You are very right, selfish motives! They take advantage of Africans all the time. IFC (a World Bank private sector funding agency) recently loaned Co-op bank cash to be advanced to SMEs. No one connected this story with the interest rate capping/ IMF debate. We are being forced to give the west good returns. The impact on Interest Rate Capping on Banks is only reduced profits....
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Ericsson		#2439 Posted : Monday, March 19, 2018 5:23:56 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		Kenya central bank cuts main lending rate to 9.5 pct Kenya’s central bank cut its benchmark lending rate by 50 basis points to 9.5 percent on Monday, the bank’s monetary policy committee said, the first cut since September 2016. Seven out of 11 analysts polled by Reuters expected the committee to hold the rates. The committee, however, said inflation was well anchored and economic growth was not meeting its potential. “There was scope for easing its monetary policy stance in order to support economic activity,” it said in a statement. https://af.reuters.com/a...africaTech/idAFL8N1R14WV Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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wukan		#2440 Posted : Tuesday, March 20, 2018 12:54:27 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,654		Ericsson wrote: Kenya central bank cuts main lending rate to 9.5 pct Kenya’s central bank cut its benchmark lending rate by 50 basis points to 9.5 percent on Monday, the bank’s monetary policy committee said, the first cut since September 2016. Seven out of 11 analysts polled by Reuters expected the committee to hold the rates. The committee, however, said inflation was well anchored and economic growth was not meeting its potential. “There was scope for easing its monetary policy stance in order to support economic activity,” it said in a statement. https://af.reuters.com/a...fricaTech/idAFL8N1R14WV 'at the risk of perverse consequences'. They lowered the rate by a similar margin in 2016 with no visible effect. If banks were not lending at 14% will they lend more at 13.5% with IFRS9? MPC is nowadays more of a credit rationing committee in the ivory towers.
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