Economic masterstroke from KK

Okiya

Elder Lister
Yesterday the central bank increased the benchmark rate to 13%. The highest since the days of Kibaki!!

What this means is interest rate on bank loans will be increased.

Geniuses.

 

algorithm

Elder Lister
The KK thugs are undoing all the good work Uhulu did. Expect people to lose their homes after defaulting on mortgages due to the hiked interest rates. Even those servicing car loans, matatu loans etc in deep trouble.

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Bank lending rates (%) are heading back to Moi days when loans were impossible to service leading to bankruptcies.


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algorithm

Elder Lister
It will get even worse before it gets better
We are on a one way road to HELL, nothing will ever get better. The KK thugs should have at least maintained the Uhulu status quo ie dollar at 112 bob, fuel at 140 bob, bank loan interest rates at 13% etc as they try to improve on uhulu. Saa hii everyone is realising that Uhulu was a genius.
 
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