Realtreaty wrote:President Uhuru as a Banker himself will not be much swayed by hysteria to punish banks heavily by cutting a 400 point basis but will throw back the bill to Parliamentary committee to check more on proper regulation that is workable.
Kenya should never focus on General Elections to make decisions. They should focus on what is good for all.
With the Liberalized banking systems and competition, regulations should never come as fixed notes. Its not all Kenyans are seeking Loans and so not all banks should be forced to charge the same as each is free to look for market it want to serve.
Regulation should Never be fixed. Banks like any other business are in business.
Or Should we regulate Vegetable prices?
@Realtreaty I don't like the way your arguments are skewed towards supporting high interest rates regime hurting the economy in entirety. Remember even the prices of vegetables can be influenced by bank rates as farmers borrowing costs them dearly. The bill capping interest rates must be signed like yesterday. Kenyans want to see whether the president has their views and desires on heart. It is a real test of this Jubilee administration as Wanjiku is in favour of interest caps, period.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”