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CBK MPC Meet!!!
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Mainat
#71 Posted : Wednesday, January 11, 2012 6:47:52 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Going by the MPC language, no imminent easing i.e. not before April. I think we'll below par growth (i.e. 3%) only if:
1) It rains heavily in the Feb-May rainy season
2) GE is held in Aug 2012
3) No GE controversy
4) Euro crisis is resolved (i.e. no exits or junk credit rating status for Espana or Mafia)
Sehemu ndio nyumba
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Cde Monomotapa
#72 Posted : Wednesday, January 11, 2012 7:11:13 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Let's also remember that savings from dropping inflation is also a great stimulus to our largely cash economy.
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  | | Edit by user: Wednesday, January 11, 2012 7:14 PM | Reason: Not specified
Cde Monomotapa
#73 Posted : Wednesday, January 11, 2012 7:20:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Let's also remember that savings from dropping inflation is also a great stimulus to our largely cash economy.

An economy of 55K credit cards, 7.1M debit cards (2010) & 16M* Mobile cash accounts smile
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  | | Edit by user: Wednesday, January 11, 2012 10:24 PM | Reason: Not specified
hisah
#74 Posted : Thursday, January 12, 2012 4:15:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mainat wrote:
Going by the MPC language, no imminent easing i.e. not before April. I think we'll below par growth (i.e. 3%) only if:
1) It rains heavily in the Feb-May rainy season
2) GE is held in Aug 2012
3) No GE controversy
4) Euro crisis is resolved (i.e. no exits or junk credit rating status for Espana or Mafia)

CBK and Treasury should start looking for rain making consultants asap since the KE econ is very dependent on this fiscal tool Think d'oh!
I can see a fork in terms of protests (life hardships as a cause) that could make the GE slippery to handle since the KDF venture has not succeeded in distracting people's attention on the immediate economical distress...

As for euroland - PIIGS are already junk credit victims only that the 'trustworthy' rating agencies are praying for a miracle on how not to break the news on this known situation... Grecian 2yr bond yields are already heading towards 200%... 1yr bond yields will hit 500% then 1000% when sh** hits the fan and we go into debt forgiving mode sinkhole... If I were a vulture preying on Greece, I'd have died of starvation by now...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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GenghisCapitalLtd
#75 Posted : Friday, January 13, 2012 11:03:43 AM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
hisah wrote:
Mainat wrote:
Going by the MPC language, no imminent easing i.e. not before April. I think we'll below par growth (i.e. 3%) only if:
1) It rains heavily in the Feb-May rainy season
2) GE is held in Aug 2012
3) No GE controversy
4) Euro crisis is resolved (i.e. no exits or junk credit rating status for Espana or Mafia)

CBK and Treasury should start looking for rain making consultants asap since the KE econ is very dependent on this fiscal tool Think d'oh!
I can see a fork in terms of protests (life hardships as a cause) that could make the GE slippery to handle since the KDF venture has not succeeded in distracting people's attention on the immediate economical distress...

As for euroland - PIIGS are already junk credit victims only that the 'trustworthy' rating agencies are praying for a miracle on how not to break the news on this known situation... Grecian 2yr bond yields are already heading towards 200%... 1yr bond yields will hit 500% then 1000% when sh** hits the fan and we go into debt forgiving mode sinkhole... If I were a vulture preying on Greece, I'd have died of starvation by now...

Laughing out loudly Laughing out loudly It really sickens me that we our economy is still weather dependent since countries like Israel are a desert yet they are food sufficient, why can't we ask for their technology as I'm sure we have strong relations?!!
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“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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mwekez@ji
#76 Posted : Wednesday, February 01, 2012 10:22:20 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Feb meeting is here and CBR is expected to be held contant for a second month after six increases last year.

However,

Quote:
The central bank is under pressure to lower interest rates to support the economy. Acting Finance Minister Robinson Githae said on Jan. 30 higher interest rates are “supposed to be a temporary measure.”

“Once the excess liquidity has been mopped we should be able to see a reduction in interest rates which is important to everybody,” Githae said.


http://www.bloomberg.com/news/2...creases-curb-prices.html
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mwekez@ji
#77 Posted : Thursday, February 02, 2012 8:48:37 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
CBR maintained @18% as expected.

Holders of bank stockers be wary because MPC had the following message for you

"Private sector credit growth has declined but needs to slow down further to dampen demand-related inflation pressures."

http://www.centralbank.go.ke/do...0January%2011%202012.pdf
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synergia
#78 Posted : Tuesday, March 06, 2012 4:03:23 PM
Rank: Member

Joined: 7/7/2008
Posts: 34
MPC Remains unchanged at 18 % i think this is a good move they can change it from next month

http://www.centralbank.g...%20March%206,%202012.pdf
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KulaRaha
#79 Posted : Tuesday, March 06, 2012 4:05:39 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Petrol pump prices will go up this month...I wonder how they will reduce CBR next month.
Business opportunities are like buses,there's always another one coming
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synergia
#80 Posted : Tuesday, March 06, 2012 4:11:09 PM
Rank: Member

Joined: 7/7/2008
Posts: 34
KulaRaha wrote:
Petrol pump prices will go up this month...I wonder how they will reduce CBR next month.


Mpigs really wanted that rate brought down and i know one way or the other they are gonna have their way with it,im even shocked that it did not happen in todays meeting.
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