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Kenya shilling breaks key 90 per dollar level
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the deal
#21 Posted : Tuesday, November 22, 2011 5:08:31 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Read this and you will hate MPC forever...how the Prof is in Office you don't know http://www.centralbank.g...January%2027,%202010.pdf
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Sufficiently Philanga....thropic
#22 Posted : Tuesday, November 22, 2011 5:26:52 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
kizee1 wrote:
Sufficiently Philanga....thropic wrote:
2012 wrote:
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.

CBK is doing the right thing! Let them continue increasing the rates for consumption loans until we love to live within our means!!
At times pain is necessary to make us wiser!
And wooow, the dollar now at 89.642! Rooooaaar!Laughing out loudly

wtf is it cbks or any1s business wat i do with my money?

@kizee,how can it be your money when/if u have borrowed?It is definitely the banks(Agents for CBK) until u have paid up!
BTW @Kizee,in the early days,u couldnt jus walk away with a loan frm the bank without them knowing its intended use.Personal/unsecured loan were unheard of n ths the public only accessed frm chamaas,merry go rounds n saccos.
Maybe we need to go back there!
@SufficientlyP
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GGK
#23 Posted : Tuesday, November 22, 2011 5:43:26 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
2012 wrote:
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.


IMHO, cheap loans are to blame for all this. May be there should be differentiated interest rates depending on the intended use of the cash. Production oriented credit should be availed at concessionary rates. Like we had KTDC for tourism. But if a fella wants cash to import furniture and clothes, the bank should charge him 100% interest rate.


The article below tries to explain

http://www.businessdaily.../-/10valdk/-/index.html
"..I am because we are. "― Ubuntu, Umtu,
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Mainat
#24 Posted : Tuesday, November 22, 2011 5:45:05 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
[quote=the deal]Read this and you will hate MPC forever...how the Prof is in Office you don't know http://www.centralbank.g...anuary%2027,%202010.pdf[/quote]
deal-been referencing that piece for a while-talk about an MPC with low to zero credibility...
Its called a report card.
Sehemu ndio nyumba
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simonkabz
#25 Posted : Tuesday, November 22, 2011 6:44:07 PM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Sufficiently Philanga....thropic wrote:
kizee1 wrote:
Sufficiently Philanga....thropic wrote:
2012 wrote:
VituVingiSana wrote:

At 85/- imports will start surging. everything...


I don't think so. With banks lending at 25% where will traders get money from? And who will buy from them if they need to make enough to repay the banks? I actually think CBK is messing up this economy.

CBK is doing the right thing! Let them continue increasing the rates for consumption loans until we love to live within our means!!
At times pain is necessary to make us wiser!
And wooow, the dollar now at 89.642! Rooooaaar!Laughing out loudly

wtf is it cbks or any1s business wat i do with my money?

@kizee,how can it be your money when/if u have borrowed?It is definitely the banks(Agents for CBK) until u have paid up!
BTW @Kizee,in the early days,u couldnt jus walk away with a loan frm the bank without them knowing its intended use.Personal/unsecured loan were unheard of n ths the public only accessed frm chamaas,merry go rounds n saccos.
Maybe we need to go back there!

And economic growth was zero to negative. Tough choices. @GGK has diny*d a point....'differenciated interest on loans based on intended use'
TULIA.........UFUNZWE!
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Cde Monomotapa
#26 Posted : Tuesday, November 22, 2011 7:00:19 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
[quote=the deal]Read this and you will hate MPC forever...how the Prof is in Office you don't know http://www.centralbank.g...anuary%2027,%202010.pdf[/quote]
I think doing biz in Kenya will give U cardiac soon comrade Laughing out loudly remember Windhoek, ok. It's a lot more 'organized' Laughing out loudly
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Cde Monomotapa
#27 Posted : Tuesday, November 22, 2011 7:02:00 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
[quote=the deal]Read this and you will hate MPC forever...how the Prof is in Office you don't know http://www.centralbank.g...anuary%2027,%202010.pdf[/quote]
I think doing biz in Kenya will give U cardiac soon comrade Laughing out loudly remember Windhoek, ok. It's a lot more 'organized' Laughing out loudly

Don't be another statistic of how SA businesses fail in KE smile
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Cde Monomotapa
#28 Posted : Tuesday, November 22, 2011 7:29:30 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
That's how the bulk of Kenyans in the diaspora are successful as they were born in chaos so any other place in the world is mswaki! - not the tooth brush but a piece of cake! Laughing out loudly Laughing out loudly
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youcan'tstopusnow
#29 Posted : Tuesday, November 22, 2011 7:31:17 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde, Kenya. If you make it here, you can make it anywhere!
GOD BLESS YOUR LIFE
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  | | Edit by user: Tuesday, November 22, 2011 7:32 PM | Reason: Not specified
Cde Monomotapa
#30 Posted : Tuesday, November 22, 2011 7:37:44 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde, Kenya. If you make it here, you can make it anywhere!

;-) "..if u scared go to church, we gon' hit U where it hurt, that don't work we'll put U in tha dirt!!.."
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