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CBK MPC Meet!!!
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Impunity
#491 Posted : Wednesday, July 27, 2016 6:50:05 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:
Impunity wrote:
alutacontinua wrote:
Pesa Nane wrote:
Emerger wrote:
murchr wrote:
Retained at 10.5%
KBBR - 8.9% from 9.87%


Good for the economy.
Challenge is the transmission of the reduction to the ultimate borrowers as the lenders are always reluctant to reduce their lending rates.
Infact, most lenders will review their 'k' factor upwards to retain their total rate constant.
CBK needs a way to also regulate/monitor the 'k' factor movement if at all the reduction is to be effectively transmitted.

Humbly disagree. CBK has done it's part. It is for me and you (market forces) to punish the wayward lenders by taking our business to the most competitive.

If you can visit 30 bazaars before buying a car, why not visit the same number of banks and compare their offering before borrowing?


"If banks don't reduce their interest rates within 30 days from Today, some penalties will have to be enforced."

"We'll pressure them to lower their lending rates. I'm sure not too many banks will be willing to go head to head with the regulator."

Some of the comments from CBK Gov. press conference yesterday. Just wondering what reduction in rates he will deem respectable....


For a bank currently offering rates of 23%, if it cuts by a "whopping" 4%, they will still be charging an arm and a leg...19% when compared to those lenders currently doing it at 14%.

Still too high....


Should be 8%, places like Kiash's and Gulf its a mere 4%.

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Ebenyo
#492 Posted : Wednesday, July 27, 2016 7:53:25 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
alutacontinua wrote:
Pesa Nane wrote:
Emerger wrote:
murchr wrote:
Retained at 10.5%
KBBR - 8.9% from 9.87%


Good for the economy.
Challenge is the transmission of the reduction to the ultimate borrowers as the lenders are always reluctant to reduce their lending rates.
Infact, most lenders will review their 'k' factor upwards to retain their total rate constant.
CBK needs a way to also regulate/monitor the 'k' factor movement if at all the reduction is to be effectively transmitted.

Humbly disagree. CBK has done it's part. It is for me and you (market forces) to punish the wayward lenders by taking our business to the most competitive.

If you can visit 30 bazaars before buying a car, why not visit the same number of banks and compare their offering before borrowing?


"If banks don't reduce their interest rates within 30 days from Today, some penalties will have to be enforced."

"We'll pressure them to lower their lending rates. I'm sure not too many banks will be willing to go head to head with the regulator."

Some of the comments from CBK Gov. press conference yesterday. Just wondering what reduction in rates he will deem respectable....


i beg to disagree with this bill.
What guarantee do they have that this action will result to lower npls?
Towards the goal of financial freedom
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watesh
#493 Posted : Wednesday, July 27, 2016 9:22:36 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Impunity wrote:
alutacontinua wrote:
Pesa Nane wrote:
Emerger wrote:
murchr wrote:
Retained at 10.5%
KBBR - 8.9% from 9.87%


Good for the economy.
Challenge is the transmission of the reduction to the ultimate borrowers as the lenders are always reluctant to reduce their lending rates.
Infact, most lenders will review their 'k' factor upwards to retain their total rate constant.
CBK needs a way to also regulate/monitor the 'k' factor movement if at all the reduction is to be effectively transmitted.

Humbly disagree. CBK has done it's part. It is for me and you (market forces) to punish the wayward lenders by taking our business to the most competitive.

If you can visit 30 bazaars before buying a car, why not visit the same number of banks and compare their offering before borrowing?


"If banks don't reduce their interest rates within 30 days from Today, some penalties will have to be enforced."

"We'll pressure them to lower their lending rates. I'm sure not too many banks will be willing to go head to head with the regulator."

Some of the comments from CBK Gov. press conference yesterday. Just wondering what reduction in rates he will deem respectable....


For a bank currently offering rates of 23%, if it cuts by a "whopping" 4%, they will still be charging an arm and a leg...19% when compared to those lenders currently doing it at 14%.

Different customer base and cost of funds
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Impunity
#494 Posted : Thursday, July 28, 2016 1:43:56 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Ebenyo wrote:
alutacontinua wrote:
Pesa Nane wrote:
Emerger wrote:
murchr wrote:
Retained at 10.5%
KBBR - 8.9% from 9.87%


Good for the economy.
Challenge is the transmission of the reduction to the ultimate borrowers as the lenders are always reluctant to reduce their lending rates.
Infact, most lenders will review their 'k' factor upwards to retain their total rate constant.
CBK needs a way to also regulate/monitor the 'k' factor movement if at all the reduction is to be effectively transmitted.

Humbly disagree. CBK has done it's part. It is for me and you (market forces) to punish the wayward lenders by taking our business to the most competitive.

If you can visit 30 bazaars before buying a car, why not visit the same number of banks and compare their offering before borrowing?


"If banks don't reduce their interest rates within 30 days from Today, some penalties will have to be enforced."

"We'll pressure them to lower their lending rates. I'm sure not too many banks will be willing to go head to head with the regulator."

Some of the comments from CBK Gov. press conference yesterday. Just wondering what reduction in rates he will deem respectable....


i beg to disagree with this bill.
What guarantee do they have that this action will result to lower npls?


If the BIG bankd refuse to lend SMEs (as argued) then small medium banks will sprout out to fil the vacuum.

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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holycow
#495 Posted : Tuesday, September 20, 2016 7:22:55 PM
Rank: Veteran

Joined: 11/11/2006
Posts: 972
Location: Home
10% it is.
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lochaz-index
#496 Posted : Tuesday, September 20, 2016 7:52:07 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
holycow wrote:
10% it is.


Cbr is now a hot potato. By virtue of becoming the peg for interest rates, juggling it will be a most tortuous exercise for the CBK.
The main purpose of the stock market is to make fools of as many people as possible.
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Impunity
#497 Posted : Wednesday, September 21, 2016 11:12:35 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
holycow wrote:
10% it is.



Holy cow!
Pray
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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maka
#498 Posted : Monday, January 30, 2017 10:27:21 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
First meeting this year to be held today...Think they will hold the rate.
possunt quia posse videntur
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wukan
#499 Posted : Monday, January 30, 2017 10:48:17 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
maka wrote:
First meeting this year to be held today...Think they will hold the rate.


Talk about been caught between hard rock and deep blue sea. Will they act to save banking sector or sacrifice liquidity?

I reckon screw the banks. Will see Equity n KCB in the teens soonest
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obiero
#500 Posted : Monday, January 30, 2017 10:57:03 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,227
Location: nairobi
wukan wrote:
maka wrote:
First meeting this year to be held today...Think they will hold the rate.


Talk about been caught between hard rock and deep blue sea. Will they act to save banking sector or sacrifice liquidity?

I reckon screw the banks. Will see Equity n KCB in the teens soonest

Damn the banks, damn the economy!

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