The wisest thing Uhuru can do now

[Okiya]

WASHINGTON—The Federal Reserve slashed its benchmark interest rate to near zero Sunday and said it would buy $700 billion in Treasury and mortgage-backed securities in an urgent bid to prevent market disruptions from aggravating what is shaping up to be a severe economic slowdown from the coronavirus pandemic.

The Fed’s rate-setting committee, which delivered an unprecedented second emergency rate cut in as many weeks, said it would hold rates at the new, low level “until it is confident that the economy has weathered recent events and is on track” to achieve its goals of stable prices and strong employment.

I know the next CBK MPC meeting is planned for 23 March 2020 but that I think is too far. They should be meeting now and issuing a statement by 4pm.

 

[The.Black.Templar]

following

 

[Anglututu]

Should being the key word, I honestly hope they have thought this out.
Nimesoma Qatar's and italy's plan andbim impressed, Govt has put on hold amenity bills, and planning to check banks to hold loans installment for the next six months(Qatar) , rent, hospitality and logistics related companies... and so on....

 

[Ubongo]

Alisema Mpesa zi cut transaction cost

 

[Mr Black]

Treasury should be looking at rolling out an Economic Stimulus Package incase we have to go the complete lockdown route but to maximise impact it should be centred around the health sector, build more health centers and hospitals and hire staff for them, we would increase capacity while boosting consumption.

There is alot GOK can do but only if they care to

 

[Othello]

WASHINGTON—The Federal Reserve slashed its benchmark interest rate to near zero Sunday and said it would buy $700 billion in Treasury and mortgage-backed securities in an urgent bid to prevent market disruptions from aggravating what is shaping up to be a severe economic slowdown from the coronavirus pandemic.

The Fed’s rate-setting committee, which delivered an unprecedented second emergency rate cut in as many weeks, said it would hold rates at the new, low level “until it is confident that the economy has weathered recent events and is on track” to achieve its goals of stable prices and strong employment.

I know the next CBK MPC meeting is planned for 23 March 2020 but that I think is too far. They should be meeting now and issuing a statement by 4pm.

I am no expert but am a student of Ray Dalio. He says this could cause more damage so I agree with him

 

[Okiya]

I am no expert but am a student of Ray Dalio. He says this could cause more damage so I agree with him

Ray Dalio is a billionaire so he may not agree with such moves because they are the people who will benefit financially from this crisis.