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Law Capping interest rates
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MaichBlack
#1691 Posted : Tuesday, January 10, 2017 12:39:39 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,872
Swenani wrote:
Shak wrote:
Equity has suspended eazy plus loans through equitel until further notice


In njaanuary! Evil

Hata the M-Shwari crew wata feel the pinch round hii!!!

They said credit crunch was the figment of people's imagination. Haya basi. Habari ndiyo hiyo.

Let the spinners get to work.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack
#1692 Posted : Tuesday, January 10, 2017 12:43:16 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,872
Ericsson wrote:
ngapat wrote:
maka wrote:
@ngapat please let us know if they paid...this banks are crafty like @AA pointed out.

No payment yet. I had been receiving interests on my savings account every year since 2008 and I've not changed my account



Forced to transactional account that has no interest


Most probably. And even for interest earning accounts, most banks are restricting withdraws to four per year - one per quarter - or you don't get the interest for that quarter.

The news is that one. Habari ndiyo hiyo!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Ericsson
#1693 Posted : Tuesday, January 10, 2017 12:45:04 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KulaRaha
#1694 Posted : Tuesday, January 10, 2017 1:00:11 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


CBK is rejecting T bills. What makes you think they will raise rates? Those guys live in la la land.
Business opportunities are like buses,there's always another one coming
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wukan
#1695 Posted : Tuesday, January 10, 2017 4:22:25 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


Why raise rates when they are increasing money supply in double digits. CBK rate is a useless lever, that's why they have turned to issuing warnings about talking down the shilling.
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aemathenge
#1696 Posted : Tuesday, January 10, 2017 4:48:42 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
muandiwambeu wrote:
Where are the lenders(banks) investing money retired from high risk creditors if not lending you?

Where indeed?

Could it be that the big boys are lending outside Kenia using their non-Kenian branches/arms?

Ug, Tz, DRC?

How can we tell if lending has fallen drastically within a Kenian arm of a Lender but increased substantially in their branches within the three markets named above?

My interest in this has been piqued by this article in the Business Daily.
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  | | Edit by user: Tuesday, January 10, 2017 4:50 PM | Reason: Added: by
muandiwambeu
#1697 Posted : Tuesday, January 10, 2017 5:02:47 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
wukan wrote:
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


Why raise rates when they are increasing money supply in double digits. CBK rate is a useless lever, that's why they have turned to issuing warnings about talking down the shilling.

Sad Sad Sad Sad
Can you dare say that! That's only possible in a banana republic. And if its the case, then Zimbabwe, here you got a competitor/peer.!Pray Pray Pray d'oh!
,Behold, a sower went forth to sow;....
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  | | Edit by user: Tuesday, January 10, 2017 5:04 PM | Reason: Not specified
maka
#1698 Posted : Tuesday, January 10, 2017 5:28:59 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
KulaRaha wrote:
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


CBK is rejecting T bills. What makes you think they will raise rates? Those guys live in la la land.


Yep they are not going to raise rates....
possunt quia posse videntur
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obiero
#1699 Posted : Tuesday, January 10, 2017 5:57:50 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,256
Location: nairobi
maka wrote:
KulaRaha wrote:
Ericsson wrote:
MPC meeting to set the CBK rate will have to be brought forward.
At the rate with which the currency is weakening we can't wait till 30th January


CBK is rejecting T bills. What makes you think they will raise rates? Those guys live in la la land.


Yep they are not going to raise rates....

It's not a case of whether or not they will, but whether or not they should

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ngapat
#1700 Posted : Tuesday, January 10, 2017 7:01:51 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
trouble on the way
“Invest in yourself. Your career is the engine of your wealth.”
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303 Pages«<168169170171172>»
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