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Inflation rate for the month of July
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:
I do not believe GOVA, i think we have been played and the game is continuing. Cash for elections has/is being squeezed out.
@Aguy not everything is a conspiracy.. GOK is not always out to get you.. I believe you were in Kenya around April when it was raining Gorillas and pandas right?? Tell me you did not expect food prices to be driven lower after bumper harvests like what we are witnessing I believe you saw the oil price plunge 9bob last month!! My Electricity bill is WAY lower than it was a year & a couple of months ago!! The housing market has slowed due to high interest rates!! Prices of sugar etc have stabilised and some are falling!! What exactly did you expect the inflation rate to be if you believe you have been played??? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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guru267 wrote:Aguytrying wrote:
I do not believe GOVA, i think we have been played and the game is continuing. Cash for elections has/is being squeezed out.
@Aguy not everything is a conspiracy.. GOK is not always out to get you.. I believe you were in Kenya around April when it was raining Gorillas and pandas right?? Tell me you did not expect food prices to be driven lower after bumper harvests like what we are witnessing I believe you saw the oil price plunge 9bob last month!! My Electricity bill is WAY lower than it was a year & a couple of months ago!! The housing market has slowed due to high interest rates!! Prices of sugar etc have stabilised and some are falling!! What exactly did you expect the inflation rate to be if you believe you have been played???
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:holycow wrote:The weighted average yield on Kenya's 182-day Treasury bills fell for the first time in six weeks to 13.038 percent in an oversubscribed sale, from 13.379 percent last week, the central bank said on WednesdayThe T-bill rates now pointing south. http://af.reuters.com/article/k...ws/idAFN6E8G902R20120801 It has began!! This will bode well with NSE. May the naysayers watch the TBill rates fall, economy getting back on track, and NSE going up, up, up :d/ ... these politicians are the only complication in these equation. They should grow up and behave this time round! We need a peaceful election. Read on (below) the goods new of 91 day T Bill following the declining trend of 182 day bill The weighted average yield on Kenya's benchmark 91-day Treasury bill fell to 12.864 percent from 13.226 percent last week, the central bank said on Thursday.
It received bids worth 12.9 billion shillings ($153 million) for the 4 billion shillings worth of debt offered, a 322 percent subscription rate, and accepted bids worth 5.4 billion shillings, it said in a statement.http://af.reuters.com/article/k...ws/idAFN6E8HT00020120802
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@liv, guru. i appreciate inflation and its contributing factors as much as the next person. But im suspicious of the events. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Notice interbank rate has declined to 10.XX%. No wonder banks are now flooding the T Bill market to get the more attractive rates. Watch as they depress the t bill rates to single digit
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:guru267 wrote:holycow wrote:The weighted average yield on Kenya's 182-day Treasury bills fell for the first time in six weeks to 13.038 percent in an oversubscribed sale, from 13.379 percent last week, the central bank said on WednesdayThe T-bill rates now pointing south. http://af.reuters.com/article/k...ws/idAFN6E8G902R20120801 It has began!! This will bode well with NSE. May the naysayers watch the TBill rates fall, economy getting back on track, and NSE going up, up, up :d/ ... these politicians are the only complication in these equation. They should grow up and behave this time round! We need a peaceful election. Read on (below) the goods new of 91 day T Bill following the declining trend of 182 day bill The weighted average yield on Kenya's benchmark 91-day Treasury bill fell to 12.864 percent from 13.226 percent last week, the central bank said on Thursday.
It received bids worth 12.9 billion shillings ($153 million) for the 4 billion shillings worth of debt offered, a 322 percent subscription rate, and accepted bids worth 5.4 billion shillings, it said in a statement.http://af.reuters.com/article/k...ws/idAFN6E8HT00020120802 Inflation sub 10% zone, tbills above 10%. Still tbills hoarded. This is why I stated, I want to see CBK cut CBR by a sizable slash like 400bps. That will signal to the hoarders (banks et al) that the game is up and force that liquidity flood into the econ. That will see banks forced do what they do best - lending spree... Pension funds as well as insurers will cut back on cash assets and get into equities for better returns. If CBR shock rate cut is announced in sept, Dec/Jan should see heavy volumes in equities if politics behaves.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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hisah wrote:mwekez@ji wrote:guru267 wrote:holycow wrote:The weighted average yield on Kenya's 182-day Treasury bills fell for the first time in six weeks to 13.038 percent in an oversubscribed sale, from 13.379 percent last week, the central bank said on WednesdayThe T-bill rates now pointing south. http://af.reuters.com/article/k...ws/idAFN6E8G902R20120801 It has began!! This will bode well with NSE. May the naysayers watch the TBill rates fall, economy getting back on track, and NSE going up, up, up :d/ ... these politicians are the only complication in these equation. They should grow up and behave this time round! We need a peaceful election. Read on (below) the goods new of 91 day T Bill following the declining trend of 182 day bill The weighted average yield on Kenya's benchmark 91-day Treasury bill fell to 12.864 percent from 13.226 percent last week, the central bank said on Thursday.
It received bids worth 12.9 billion shillings ($153 million) for the 4 billion shillings worth of debt offered, a 322 percent subscription rate, and accepted bids worth 5.4 billion shillings, it said in a statement.http://af.reuters.com/article/k...ws/idAFN6E8HT00020120802 Inflation sub 10% zone, tbills above 10%. Still tbills hoarded. This is why I stated, I want to see CBK cut CBR by a sizable slash like 400bps. That will signal to the hoarders (banks et al) that the game is up and force that liquidity flood into the econ. That will see banks forced do what they do best - lending spree... Pension funds as well as insurers will cut back on cash assets and get into equities for better returns. If CBR shock rate cut is announced in sept, Dec/Jan should see heavy volumes in equities if politics behaves. I think we need to remember the Govt uses Tbills to control the exchange rates also. Govt determines the amount of tbills to sell....but banks are not the only buyers...we have international players. Slashing CBR by 400bps at ONCE is likely to affect the exchange rate adversely....and thus probably negate the gains in inflation. It is a balancing game. CBK should cut by 150-200 bps next month and evaluate the effect
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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@LIV i think that is exactly what they will do??? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@liv - you forget how CBR was quickly spiked in shock hikes. The same will be implemented downwards... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Abu Dhabi National Oil Co (ADNOC) said on Monday it has raised the July retroactive official selling price (OSP) for its key Murban crude by $4.40 a barrel from June to $101.75 a barrel. The June OSP for Murban was $97.35 a barrel. It had peaked at $127 in March GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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hisah wrote:@liv - you forget how CBR was quickly spiked in shock hikes. The same will be implemented downwards... @Hisa, you forget that we were in crisis then.... the exchange rate was rising....every day we had a new high..... something urgent was needed to control it.
now we don't have a crisis..... we want the interest rates to fall so the economic growth can pick up....but CBK cannot afford to allow very high downward spikes in CBR because this will distabilize the exchange rates.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Liv wrote:hisah wrote:@liv - you forget how CBR was quickly spiked in shock hikes. The same will be implemented downwards... @Hisa, you forget that we were in crisis then.... the exchange rate was rising....every day we had a new high..... something urgent was needed to control it.
now we don't have a crisis..... we want the interest rates to fall so the economic growth can pick up....but CBK cannot afford to allow very high downward spikes in CBR because this will distabilize the exchange rates. I see a Mwiraria situation with current econ liquidity squeeze. This will be seen in the KNBS Q2 econ stats. Lastly should euroland spin out of control, expect many CBs globally to massively cut funding rates. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:Abu Dhabi National Oil Co (ADNOC) said on Monday it has raised the July retroactive official selling price (OSP) for
its key Murban crude by $4.40 a barrel from June to $101.75 a barrel.
The June OSP for Murban
was $97.35 a barrel.
It had peaked at $127 in March
August delivery price was at $108. So add another $6 for Sept pump prices.
Oil prices have rebounded 18% plus since July.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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hisah wrote:youcan'tstopusnow wrote:Abu Dhabi National Oil Co (ADNOC) said on Monday it has raised the July retroactive official selling price (OSP) for
its key Murban crude by $4.40 a barrel from June to $101.75 a barrel.
The June OSP for Murban
was $97.35 a barrel.
It had peaked at $127 in March
August delivery price was at $108. So add another $6 for Sept pump prices.
Oil prices have rebounded 18% plus since July.
If fuel prices are raised in August...the MPC may delay in cutting the CBR....it may remain at 16.5% until September review.
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