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Law Capping interest rates
wukan
#1791 Posted : Thursday, January 26, 2017 4:00:32 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying.
Impunity
#1792 Posted : Thursday, January 26, 2017 4:04:32 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
wukan wrote:
Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying.


Wah!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

muandiwambeu
#1793 Posted : Thursday, January 26, 2017 4:15:47 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Impunity wrote:
wukan wrote:
Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying.


Wah!

Unsoliciteds. Who told them that drying is not good enough for Kenia, rather than auctioning kenians souls with NIR. its their time to go drying, and marku round two post arap tiriticher. Learning from the master is not easy.
,Behold, a sower went forth to sow;....
MaichBlack
#1794 Posted : Thursday, January 26, 2017 4:39:26 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,869
wukan wrote:
Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying.

Link?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
streetwise
#1795 Posted : Thursday, January 26, 2017 4:51:23 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
IMF is a defunct org. Waende huko

KenyanEconomist
#1796 Posted : Thursday, January 26, 2017 5:04:41 PM
Rank: New-farer

Joined: 5/7/2014
Posts: 40
MaichBlack wrote:
wukan wrote:
Finally IMF is in town for checklist maneno and they said the interest caps ushenzi must go "pose a risk to financial stability" and those who still have a problem can go drying.

Link?


http://www.imf.org/en/Ne...eview-Under-SBA-and-SCF


"However, interest rate controls are likely to reduce access to credit, weighing on growth. They also complicate monetary policy and adversely affect banking sector profitability, especially for small banks. Although the adverse effects of the controls are manageable in the near term, if maintained, they could potentially pose a risk to financial stability. Therefore, it is essential to remove these controls, while taking steps to prevent predatory lending and increase competition and transparency of the banking sector."
Ericsson
#1797 Posted : Thursday, January 26, 2017 10:48:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
http://www.the-star.co.k...t-caps-on-loans_c1494899
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Taurrus
#1798 Posted : Friday, January 27, 2017 1:38:46 PM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
ngapat wrote:
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

Forced transactional account it is.

@ngapat did you manage to solve this and how?
MaichBlack
#1799 Posted : Friday, January 27, 2017 3:14:10 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,869
Ericsson wrote:
http://www.the-star.co.ke/news/2017/01/26/imf-wants-kenya-to-scrap-interest-caps-on-loans_c1494899 ^

IMF must be as confused as the rest of us who said this will happen.

Never mind exactly what we said will happen happened. It must be a coincidence that can be explained away somehow or a still a figment of our imagination like it was said to be when we predicted it!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Spikes
#1800 Posted : Friday, January 27, 2017 3:18:27 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
MaichBlack wrote:
Ericsson wrote:
http://www.the-star.co.ke/news/2017/01/26/imf-wants-kenya-to-scrap-interest-caps-on-loans_c1494899 ^

IMF must be as confused as the rest of us who said this will happen.

Never mind exactly what we said will happen happened. It must be a coincidence that can be explained away somehow or a still a figment of our imagination like it was said to be when we predicted it!!!



IMF wakende huko... we're a sovereign state..
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
303 Pages«<178179180181182>»
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