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CBK MPC Meet!!!
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mwekez@ji
#181 Posted : Sunday, July 08, 2012 10:03:42 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
PKoli wrote:
mwekez@ji wrote:
the deal on Friday, July 06, 2012 4:11:38 PM wrote:
Just in: BBK have reduced their base lending rate by 1.5% to 21%


http://www.theeastafrican.co.ke...6/-/ch3447z/-/index.html

... and may all the other banks follow suit


They soon will. KCB might follow BBK.


Some banks have, however, pointed out that a sudden drop may not be possible as they are still holding expensive wholesale fixed deposits.

They should just be named tuzijue
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mwekez@ji
#182 Posted : Tuesday, July 10, 2012 9:20:26 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
PKoli wrote:
mwekez@ji wrote:
the deal on Friday, July 06, 2012 4:11:38 PM wrote:
Just in: BBK have reduced their base lending rate by 1.5% to 21%


http://www.theeastafrican.co.ke...6/-/ch3447z/-/index.html

... and may all the other banks follow suit


They soon will. KCB might follow BBK.


Some banks have, however, pointed out that a sudden drop may not be possible as they are still holding expensive wholesale fixed deposits.

They should just be named tuzijue


Bank of Baroda has led the Tier II banks by reducing their base rate to 21%
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youcan'tstopusnow
#183 Posted : Wednesday, July 11, 2012 7:16:47 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
CFC Stanbic Bank has
become the third bank to
react to the lowering of
Central Bank Rate (CBR) by dropping its base lending price by 1.5 percentage points as it seeks to grow its loan book.
The bank has announced
that its base rate will drop to 22.5 per cent from 24 per cent from August 11 in what is set to pile pressure on other lenders to follow suit.
http://www.businessdaily...0/-/5okoai/-/index.html
GOD BLESS YOUR LIFE
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ralp_mutu
#184 Posted : Wednesday, July 11, 2012 8:42:56 PM
Rank: Member

Joined: 3/26/2012
Posts: 232
Location: Nairobi
Cfc 22.5%
BBK 21.5%
BoB 21.5%

Aiii yawa!!!!
My folks told me that my very first word was 'billionaire'
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hisah
#185 Posted : Thursday, July 12, 2012 7:03:52 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
ralp_mutu wrote:
Cfc 22.5%
BBK 21.5%
BoB 21.5%

Aiii yawa!!!!

How is mwananchi surviving with such horrendous lending rates?! Clearly the Q2 2012 GDP figure will be below 3%. CBK needs to cut CBR again by 300 - 400bps to inject liquidity in the squeaking econ. With elections coming soon and a huge budget, stimulus is a must.
KE econ outlook looks dim for now, but I can see a sizable reversal from 2013. I'm banking on CBR crashing down to 10% and below, peaceful elections and a global rescue of euroland in Q4 2012 or Q1 2013. And finally the announcement of commercial oil by Tullow. In 2013 - 2015 the other onshore & offshore players will have announcements too both for KE & EA region. The potential for more than 10B barrels is likely. I foresee bank buyouts or mergers to shore up capital to fund oil money. REITs will follow suit as well as insurance. Retail shops setups & mergers or buyouts as well.

So the NSE will likely surpass 6161 by Q1 2014, but it could come earlier! If CMA gets it right with REITs & futures market, they'll be able to attract more hot money. Many will not be able to compete with that bid power!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#186 Posted : Thursday, July 12, 2012 9:57:28 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:


....

So the NSE will likely surpass 6161 by Q1 2014, but it could come earlier! If CMA gets it right with REITs & futures market, they'll be able to attract more hot money. Many will not be able to compete with that bid power!


That has put a smile on many faces smile

and this:

CBK study shows jump in optimism on economic growth

http://www.businessdailyafrica....46/-/3qckvi/-/index.html

and this one too:

Banks pledge to cut rates in August

http://www.capitalfm.co.ke/busi...-to-cut-rates-in-august/
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GenghisCapitalLtd
#187 Posted : Thursday, July 12, 2012 10:59:05 AM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
Hisah I do agree with you on the LT aspect as well as the lending rates cut by the CB's is not as expected. Those rates still too high thus slow if any absorption by the gen public...I think the MPC thought this out carefully to ensure no surge in liquidity.I'm of the view that 12% should be ideal with upcoming expected liquidity from election spending with a complete reversal in 2013...very bullish about that though contingent on election outcome and general sentiment.
Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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the deal
#188 Posted : Thursday, July 12, 2012 11:21:25 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
If the two ICC suspects run for presidency next year, the nse will tank just like the egypt markets last year.
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hisah
#189 Posted : Thursday, July 12, 2012 11:56:58 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
the deal wrote:
If the two ICC suspects run for presidency next year, the nse will tank just like the egypt markets last year.

Well that could spook things... But I wouldn't mind another fat-tail situation where everything is heavily discounted thus doubling or tripling returns on the rebound.

Have you seen what IMF has said about Libya? Read below...

http://af.reuters.com/ar...s/idAFJOE86A00H20120711

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#190 Posted : Thursday, July 12, 2012 12:00:46 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
GenghisCapitalLtd wrote:
Hisah I do agree with you on the LT aspect as well as the lending rates cut by the CB's is not as expected. Those rates still too high thus slow if any absorption by the gen public...I think the MPC thought this out carefully to ensure no surge in liquidity.I'm of the view that 12% should be ideal with upcoming expected liquidity from election spending with a complete reversal in 2013...very bullish about that though contingent on election outcome and general sentiment.

For now they can only cut CBR slowly, but the ideal scenario should be below 10% and preferably below 6% which is achievable by Q4 2013 assuming all goes well with elections and euro crisis.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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