bank of England

[wrongturn]

 

[mzeiya]

Hiyo 0.25% interest ni increase wueh.


Sisi yetu huwa? @Okiya

 

[wrongturn]

Hiyo 0.25% interest ni increase wueh.


Sisi yetu huwa? @Okiya

Those are places where systems work, huku vumbistan we even peg excise tax on inflation.

 

[wrongturn]

But @Okiya based on above, does it mean controlling rates is the best approach instead of leaving it to market forces

 

[Okiya]

But @Okiya based on above, does it mean controlling rates is the best approach instead of leaving it to market forces

Sometimes it works sometimes it doesn't. Kama Edorgan kule Turkey anaona moto with his interest rate controls.

 

[Othello]

It's the interest you get on your money when you save it in a bank, si ndio? Hii mnaexpect ati ni ya borrowing...but I doubt. In other places, it's even a negative value.

 

[wrongturn]

It's the interest you get on your money when you save it in a bank, si ndio? Hii mnaexpect ati ni ya borrowing...but I doubt. In other places, it's even a negative value.

read the article, some mortgages will increase in payments. That's why it's breaking news.

 

[Pseudonyms]

Now imagine an British individual takes a Sh10,000,000 commercial loan at say 5% and comes here, marries a kunguru to gain citizenship, and then buys GoK bonds at 15%. That is a cool Sh1,500,000 with no sweat at the ed of the year.

Now suppose the same individual takes the same amount and opens a Tala-like fintech company and offers Kenyans loans at 200% p.a. tax free because your genius president decided waingereza should pay no tax for any business they do here. He will make a cool 20 million shillings by Christmas.

And you're here still singing "Matunda ya Uhuru".

 

[mkurugenzi]

read the article, some mortgages will increase in payments. That's why it's breaking news.

I have seen hapo BBC news "mortgage prisoners" saying they fear that their mortgage rates will be increased from 4.8% to 5%.

 

[mzeiya]

Kama Edorgan kule Turkey anaona moto with his interest rate controls.

He has reverted to proposing a 50% increase in the minimum wage. Such a sly fella that one

 

[Mr Black]

It's the interest you get on your money when you save it in a bank, si ndio? Hii mnaexpect ati ni ya borrowing...but I doubt. In other places, it's even a negative value.

Pale Ujerumani it is in the negative range which means you pay the bank to keep your money for you