NOT EVEN RUTO CAN SAVE THEM: BAD NEWS TO KENYANS ON CRB

Kenyans listed on Credit Reference Bureau(CRB) have received a major setback after Central Bank of Kenya said it will still continue with its listing policies.

The Central Bank Governor Patrick Njoroge made it clear that they will continue to be guided by data and its existing policies on banking sector.

During Ruto’s campaigns and inauguration speech, he had promised Kenyans listed of CRB that he could issues Directives that could see so relaxations to allow them access more credit.

According to Kenyan Finance policies, any person listed on CRB is not liable to a get the credit from any money lending agencies until they are cleared.

Ruto further promised that he could review the law to increase the limit of heavy cash transactions handled by banks without requirement reporting source of money above Ksh 1,000,000.

However, Mr. Njoroge made it clearer that CBK will not be Dragged Into unthought for policies in order to satisfy political interests.

He further said that CBK operations on finances cannot be changed by a political administration and that the regulator could continue implementing its policies.

He reiterated that good Central bankers work based on data opposed to political experiences.

If the regulator refuses to heed to Ruto’s promises, this will be the second time its defying a president’s order.

During President Uhuru Kenyatta’s tenure, the regulator failed to implement a directive that required them to raise the heavy cash transactions limit from Sh 1million to sh5 million.

Story courtesy