Cannot cheat an economy

O

Okiya

Elder Lister
Things are bad. Threads za economy akina @Kasaman @Denis Young @pop in don't like discussing. They are hurting too but seeing no evil, hearing no evil and speaking no evil is the principle that guides KK members

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Whining about interest rates is a waste of time. CBK raising interest rates is not a factor of KK or Ruto or that politician you are frustrated with. When the FED raised rates dollars flowed out of the economy weakening the shilling and causing monetary inflation. CBK responded by raising rates 'offering better returns' for the market. The effect is visible. A relatively stable shilling because it encouraged dollar flows into the economy.

The rates will remain high until the FED start cutting.

Don't expect me to spend my time here arguing over market forces beyond anybody's control. The days of interfering with market dynamics through interest rate legislation, and outright market manipulation using our reserves are behind us. It is the reason we find ourselves on the IMF gallows.
 
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