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Donde Bill-CBK Rates
stocksguru7
#1 Posted : Wednesday, September 01, 2010 12:16:58 PM
Rank: Member


Joined: 6/28/2007
Posts: 38
Everyday there is talk on tv about interest rates going down we have seen several interviews with no less than cbk , what is puzzling me is that why cant we bring back the donde bill

There seems to be no talk at all of donde bill , if you want to bring rates down put a cap on maximum and minimum so bring back the done bill

Banks are paying 4%per cent on deposit and charging 16% on loans , this means they are making 400% on selling their products , i wonder in which business you can make 400 percent profits

Anyone
UN PACTUM UN DICTUM
Scubidu
#2 Posted : Wednesday, September 01, 2010 1:04:22 PM
Rank: Veteran


Joined: 9/4/2009
Posts: 700
Location: Nairobi
They say that the Treasury has raised almost a third of all domestic borrowing in the past two months alone. If they slow down or stop borrowing, the rates should sort themselves out.

But there's someone's who written about it. See below:

http://www.nation.co.ke/...t/-/7vkwirz/-/index.html
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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