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CBK MPC Meet!!!
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Okay prof,see you 1st week of November for another 350bps. Atleast at 9.5%, we can approach the banks for msaada  & hopefully sell some simba,mpesa & memba at a premium for an early christmas  @SufficientlyP
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Member Joined: 11/28/2006 Posts: 91
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What happens to interest on existing unsecured loans? Will their interest rate come down automatically, or I have to TOP-UP?
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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factors to watch going forward.
1)oil prices.
2)world food prices
3)europe crisis
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Rank: Member Joined: 5/7/2009 Posts: 155
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i do believe its a welcome move. More of the reduction on CBR would add pressure on the KShs and inflation will go up again. The Euro crisis is still ongoing and we do not expect it to end soon. The majority still prefer dollars than euros due to its volatility.
This cut will however make customers access more credit and liquidity might go up. CBK might increase cash reserve ratio for banks effective 15th sept.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Banks will now respond by reducing the base lending rate to 19%! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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guru267 wrote:Banks will now respond by reducing the base lending rate to 19%! Still very low considering that loans were being dished at 14% about 3 years ago!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Impunity wrote:guru267 wrote:Banks will now respond by reducing the base lending rate to 19%! Still very low considering that loans were being dished at 14% about 3 years ago! Dont worry.. Ndungu and his boys are paranoid about the external factors that could be potential shocks to the shilling & inflation! They cannot just free the floodgates as @hisah would say! 350bps cut is not bad since i was gunning for 400bps.. Prepare for boom times on the NSE!! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Banks which hold a large bonds portfolio are going to make a killing after offloading... possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji on August 13, 2012 wrote:MPC Meeting scheduled for 5th Sept. A good rate cut is in order. 400 bps won’t surprise The 350 bps is just a tad off the mark.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The 350bps reduction is the largest single reduction since the benchmark rate was started. NSE has ears #WatchTheSpace
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mwekez@ji wrote:The 350bps reduction is the largest single reduction since the benchmark rate was started. NSE has ears #WatchTheSpace With all this uncertainity and negative vibe going around do you still believe the NSE will respond?I dont think so and if it does it will; be only marginally,the future is rather bleak... possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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maka wrote:mwekez@ji wrote:The 350bps reduction is the largest single reduction since the benchmark rate was started. NSE has ears #WatchTheSpace With all this uncertainity and negative vibe going around do you still believe the NSE will respond?I dont think so and if it does it will; be only marginally,the future is rather bleak... Fundamentally, interest rate and NSE have inverse relationship #WatchTheSpace
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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mwekez@ji wrote:maka wrote:mwekez@ji wrote:The 350bps reduction is the largest single reduction since the benchmark rate was started. NSE has ears #WatchTheSpace With all this uncertainity and negative vibe going around do you still believe the NSE will respond?I dont think so and if it does it will; be only marginally,the future is rather bleak... Fundamentally, interest rate and NSE have inverse relationship #WatchTheSpace ...Thats fundamentally...if its poised to recover it will be only for a short while,thats why most stockbrokers arent positive about the future. possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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maka wrote:mwekez@ji wrote:maka wrote:mwekez@ji wrote:The 350bps reduction is the largest single reduction since the benchmark rate was started. NSE has ears #WatchTheSpace With all this uncertainity and negative vibe going around do you still believe the NSE will respond?I dont think so and if it does it will; be only marginally,the future is rather bleak... Fundamentally, interest rate and NSE have inverse relationship #WatchTheSpace ...Thats fundamentally...if its poised to recover it will be only for a short while,thats why most stockbrokers arent positive about the future. Any deviation from the fundamentals will present an opportunity pick some buses that have gone a mile, right? #WatchTheSpace #NSEisTheSpace
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Thanks @Mwekezaji,we hear you!! @SufficientlyP
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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dijkstra wrote:What happens to interest on existing unsecured loans? Will their interest rate come down automatically, or I have to TOP-UP? You have to top up, that how they get hold of you If you don't want to go to plan B have a good plan A.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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guru267 wrote:Banks will now respond by reducing the base lending rate to 19%! Should be 18% and 17% if we petition parliament to amend the act.
BBI will solve it :)
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