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CBK MPC Meet!!!
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Kausha
#221 Posted : Monday, August 27, 2012 2:11:08 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Before all hell broke loose and we went to 110. Mate, look around, Ghana 23% for a 5 year bond, Nigeria 16%, Zambia 14%. I am sure you know what is carry trading!!
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mwekez@ji
#222 Posted : Tuesday, August 28, 2012 10:22:16 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Kausha wrote:
Before all hell broke loose and we went to 110. Mate, look around, Ghana 23% for a 5 year bond, Nigeria 16%, Zambia 14%. I am sure you know what is carry trading!!


KES has been well seated at sub 80/- for history until 2011 when hell broke loose (some read fx manipulation). See 10 year chart 10 Year Chart Link I ask again, why not again? Carry trading is very tricky in this african countries coz of the high fx risk
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mwekez@ji
#223 Posted : Thursday, August 30, 2012 11:37:02 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Shilling gets cover as forex reserves hit record levels

http://www.businessdailyafrica....64/-/s2bkn7/-/index.html

We now await August inflation data and then 5th Sept MPC meeting
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mwekez@ji
#224 Posted : Thursday, August 30, 2012 5:41:06 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
91 & 182 days T Bills rate are in single digit. 364 days T Bill rate is also headed there (currently at 10.336%). I expect a Radical Move by the MPC. (Rich)
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Sufficiently Philanga....thropic
#225 Posted : Thursday, August 30, 2012 5:51:38 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
mwekez@ji wrote:
91 & 182 days T Bills rate are in single digit. 364 days T Bill rate is also headed there (currently at 10.336%). I expect a Radical Move by the MPC. (Rich)

Hope we are all reading the signs!!!!????
@SufficientlyP
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mwekez@ji
#226 Posted : Friday, August 31, 2012 12:50:05 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
August inflation rate drops to 6.09% from July's 7.74%. All signs are clear. Over to MPC
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youcan'tstopusnow
#227 Posted : Friday, August 31, 2012 1:19:17 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:
August inflation rate drops to 6.09% from July's 7.74%. All signs are clear. Over to MPC

300bps pap!
GOD BLESS YOUR LIFE
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kyt
#228 Posted : Friday, August 31, 2012 1:43:00 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
youcan'tstopusnow wrote:
mwekez@ji wrote:
August inflation rate drops to 6.09% from July's 7.74%. All signs are clear. Over to MPC

300bps pap!

i agree, lakini am very sceptical about the inflation computations
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Kausha
#229 Posted : Friday, August 31, 2012 2:30:12 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Again consider this is off a high base when USD, oil etc were high. It doesn't necessary mean inflation is under control. Infact at 6.09% it can be argued it's contained and therefore MPC have to be guarded on how far down they drop lest they create more inflation. I see another 150 - 250 basis points drop, knowing the the profs way of doing things.
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hisah
#230 Posted : Friday, August 31, 2012 4:45:04 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
I like the Aussie dollar, Canadian dollar, Swiss francs and euros... Let the CBR plunge smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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