companies did not start relocating or closing from last year. It's a trend. Also in 2020, he said:Why did the president form a task force to probe why manufacturers are leaving the market?
In one of the podcasts, he also said, "I don't know why anyone wants to be the President after jubilee...". coz definitely he knew the trouble ahead. At any given time has he ever said he'd fix economic troubles in 1yr the way that other guy is trying to insinuate.
Obviously, CBK lower rates don't mean Banks lower their interest rates immediately, especially for those with existing loans. The 11% interbank rate is still quite high, but not since the inflation has been managed, I anticipate that the rates may go as low as 7%, sometime next yr. That will also be dependent on external factors like fed interest rates.Why are banks reporting an increase in the uptake of high interest consumption and short term loans? Why are interest rates very high??
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