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sparkly		#2451 Posted : Friday, April 13, 2018 11:48:45 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ngalaka wrote: Ericsson wrote: If the interest rates cap law is repealed in september,the effects of it will be felt in 2019. For those waiting for banks profitability to rebound,that will be from FY2019. Effect on returns can never be felt or reported instantaneously. However, effect on stock movement at the NSE can be. True Stock prices reflect future information. Life is short. Live passionately.
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HaMaina		#2452 Posted : Friday, April 13, 2018 12:02:25 PM
Rank: Veteran Joined: 4/23/2014 Posts: 931		Now the depate is taken from the streets to the house where the true hustlers lie MPs accuse central bank, IMF of conspiracy against rates cap law https://www.businessdail...1254-21g1rmz/index.html MPs oppose CBK Governor's bid to undo interest rate capping Read more at: https://www.standardmedi...o-interest-rate-capping “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Corleone		#2453 Posted : Friday, April 13, 2018 1:14:46 PM
Rank: Hello Joined: 1/24/2018 Posts: 2		HaMaina wrote: Now the depate is taken from the streets to the house where the true hustlers lie MPs accuse central bank, IMF of conspiracy against rates cap law https://www.businessdail...1254-21g1rmz/index.html MPs oppose CBK Governor's bid to undo interest rate capping Read more at: https://www.standardmedi...o-interest-rate-capping MPs have huge loans with the banks, it's unlikely they will put a rope on their necks by repealing the law.
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Wakanyugi		#2454 Posted : Friday, April 13, 2018 1:25:48 PM
Rank: Veteran Joined: 7/3/2007 Posts: 1,635		KulaRaha wrote: Sir invest wrote: The CBK Gvr might be shown the door for colluding with banks/KBA to deny Individuals and SMEs credit in an aim to force a repeal #Interest rate capping Law!!! The guy is academically clever, but very unwise and rash...bad bad decisions throughout his tenure so far... He is a terrible politician too. Bringing the evil duo - IMF and World Bank - to bat for him, re: interest rate cap, was just baaaad! Kwani he did not live in Kenya during the dark days of Structural adjustment? *"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth."* (Niels Bohr)
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Wakanyugi		#2455 Posted : Friday, April 13, 2018 1:31:51 PM
Rank: Veteran Joined: 7/3/2007 Posts: 1,635		HaMaina wrote: Now the depate is taken from the streets to the house where the true hustlers lie MPs accuse central bank, IMF of conspiracy against rates cap law https://www.businessdail...1254-21g1rmz/index.html MPs oppose CBK Governor's bid to undo interest rate capping Read more at: https://www.standardmedi...o-interest-rate-capping You might want to hold off on opening that bottle of champagne. It is not a done deal by any means. Essentially the ball will be thrown back at the banks. They need too show how they will guarantee that we shall not return to the usurious state of yore that brought on the current controls. Blackmail can only take you so far and playing the victim card is looking rather lame when the nosiest big 4 are still raking in huge profits, despite the cap. *"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth."* (Niels Bohr)
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mulla		#2456 Posted : Friday, April 13, 2018 1:32:26 PM
Rank: Member Joined: 6/15/2013 Posts: 301		KulaRaha wrote: Sir invest wrote: The CBK Gvr might be shown the door for colluding with banks/KBA to deny Individuals and SMEs credit in an aim to force a repeal #Interest rate capping Law!!! The guy is academically clever, but very unwise and rash...bad bad decisions throughout his tenure so far... So that includes the hard stance he took on rogue banks such as Chase, Imperial etc.....???
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Ericsson		#2457 Posted : Friday, April 13, 2018 1:48:22 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Wakanyugi wrote: KulaRaha wrote: Sir invest wrote: The CBK Gvr might be shown the door for colluding with banks/KBA to deny Individuals and SMEs credit in an aim to force a repeal #Interest rate capping Law!!! The guy is academically clever, but very unwise and rash...bad bad decisions throughout his tenure so far... He is a terrible politician too. Bringing the evil duo - IMF and World Bank - to bat for him, re: interest rate cap, was just baaaad! Kwani he did not live in Kenya during the dark days of Structural adjustment? We took ourselves to IMF and World bank by mismanaging our finances/coffers. Now we are requesting for help from them and it comes with conditions Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#2458 Posted : Friday, April 13, 2018 1:50:54 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Corleone wrote: HaMaina wrote: Now the depate is taken from the streets to the house where the true hustlers lie MPs accuse central bank, IMF of conspiracy against rates cap law https://www.businessdail...1254-21g1rmz/index.html MPs oppose CBK Governor's bid to undo interest rate capping Read more at: https://www.standardmedi...o-interest-rate-capping MPs have huge loans with the banks, it's unlikely they will put a rope on their necks by repealing the law. The MPigs are playing around with the masses psychology.One phone call or summon from state house will change everything. They will then say we tried our best but we were overpowered.That will guarantee the MPig a re-election come 2022 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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KulaRaha		#2459 Posted : Friday, April 13, 2018 2:06:24 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		mulla wrote: KulaRaha wrote: Sir invest wrote: The CBK Gvr might be shown the door for colluding with banks/KBA to deny Individuals and SMEs credit in an aim to force a repeal #Interest rate capping Law!!! The guy is academically clever, but very unwise and rash...bad bad decisions throughout his tenure so far... So that includes the hard stance he took on rogue banks such as Chase, Imperial etc.....??? Hard stances are ok, but the mess he has created has not even started to clear... It is only when a mosquito lands on your testicles that you realize There is always a way to solve problems without using violence Business opportunities are like buses,there's always another one coming
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Wakanyugi		#2460 Posted : Friday, April 13, 2018 2:14:05 PM
Rank: Veteran Joined: 7/3/2007 Posts: 1,635		Ericsson wrote: Wakanyugi wrote: KulaRaha wrote: Sir invest wrote: The CBK Gvr might be shown the door for colluding with banks/KBA to deny Individuals and SMEs credit in an aim to force a repeal #Interest rate capping Law!!! The guy is academically clever, but very unwise and rash...bad bad decisions throughout his tenure so far... He is a terrible politician too. Bringing the evil duo - IMF and World Bank - to bat for him, re: interest rate cap, was just baaaad! Kwani he did not live in Kenya during the dark days of Structural adjustment? We took ourselves to IMF and World bank by mismanaging our finances/coffers. Now we are requesting for help from them and it comes with conditions Not quite. We are going back because the government does not want to take the difficult calls, namely, fiscal discipline and the hard choices that go with it. Ultimately this is the only real solution to the interest rates issue and I suspect the market and other forces will eventually force Uhuruto's hand. But this is a can that Uhuru would rather kick further down the road and hence the Caps repeal promise. I suspect Ruto will inherit this skunk, among many others. Meanwhile the, poor innocent Banks (safi kama pamba) are going to take a PR hit once the debate in parliament and the public arena gets going. *"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth."* (Niels Bohr)
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