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Sisällön tarjoaa Brenda Wambui. Brenda Wambui tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
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Episode 72: The Impact of Interest Rate Capping

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Manage episode 218803680 series 1247257
Sisällön tarjoaa Brenda Wambui. Brenda Wambui tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

In September 2016, Kenya passed the Banking Amendment Act, creating interest rate controls where there were none before. It sets the maximum lending rate at no more than 4% above the Central Bank base rate; and the minimum interest rate granted on a deposit held in interest earning accounts with commercial banks to at least 70% of the same rate.

There has been an ongoing debate in the two years since on whether we should remove these controls because of their perverse effect on our economy. Today, we're joined by Elizabeth Wangechi, the Head of Research at Genghis Capital, to discuss the impact of these controls. Press play!

Resources

The Banking (Amendment) Act 2016

The Impact of Interest Rate Capping on the Kenyan Economy - Full

The Impact of Interest Rate Capping on the Kenyan Economy - Summary

CBK regrets interest rates cap due to negative effects on economy

MPs uphold rate cap law, scrap interest on savings

CBK spells out loan rules ahead of interest rate cap review

Image Credit: FT.com

  continue reading

115 jaksoa

Artwork
iconJaa
 
Manage episode 218803680 series 1247257
Sisällön tarjoaa Brenda Wambui. Brenda Wambui tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

In September 2016, Kenya passed the Banking Amendment Act, creating interest rate controls where there were none before. It sets the maximum lending rate at no more than 4% above the Central Bank base rate; and the minimum interest rate granted on a deposit held in interest earning accounts with commercial banks to at least 70% of the same rate.

There has been an ongoing debate in the two years since on whether we should remove these controls because of their perverse effect on our economy. Today, we're joined by Elizabeth Wangechi, the Head of Research at Genghis Capital, to discuss the impact of these controls. Press play!

Resources

The Banking (Amendment) Act 2016

The Impact of Interest Rate Capping on the Kenyan Economy - Full

The Impact of Interest Rate Capping on the Kenyan Economy - Summary

CBK regrets interest rates cap due to negative effects on economy

MPs uphold rate cap law, scrap interest on savings

CBK spells out loan rules ahead of interest rate cap review

Image Credit: FT.com

  continue reading

115 jaksoa

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