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Inflation rate for the month of July
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Liv
#51 Posted : Tuesday, August 07, 2012 12:37:15 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
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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hisah
#52 Posted : Tuesday, August 07, 2012 8:37:33 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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hisah
#53 Posted : Tuesday, August 07, 2012 8:54:35 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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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Liv
#54 Posted : Tuesday, August 07, 2012 10:12:37 AM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
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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