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CBK raises base lending rate to 16.5%
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http://www.ntv.co.ke Prepare to tighten your belt even more. That seems to be the message from the central bank of Kenya after it raised its base-lending rate to 16.5 per cent up from 11 per cent. Analysts fear the move could trigger a rise in interest on loans already being service. NTV's busine... More
ntvkenya
Added Nov 1, 2011
Channel News
Duration 1:22 | views 3935
Local Comments 0
Youtube Comments 3
Tags ntv kenya central bank of interest rates base lending rate shilling dollar inflation foreign exchange exports commercial banks
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Local Comments (0)
Youtube Comments (3)
1bosscow2 Says:
Nov 2, 2011 - I was really not following what he was talking about! Just until I got a relieve at 41 seconds into the clip, when a nice ass passed by! And she has it for real! No offense!
drsugarcane Says:
Nov 1, 2011 - This is borrowed from the Paul Volker textbook of the 70's when America had 13% inflation. This quacks at the CBK have suddenly woken up more than a year later and are now shocking the market and grinding the economy to a halt. There was no need for this. It could have been done gradually over the last year. How the heck do you double interest rates over a month? If anything the market has lost confidence with the CBK and the shilling is a reflection of that. No need for boom and bust cycles.
kikwaib Says:
Nov 1, 2011 - @ 0:45 nice but then @1:00 :D hahahaaaa!