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CBK MPC Meet!!!
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I see a 200-250bps cut! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 2/8/2007 Posts: 808
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Me thinks 50-100bps and at worst nothing. The C/A position is ugly and election related expenditure needs to be nipped in the bud early. The currency is very creaky as we speak and it will get creakier!!!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Inflation has bottomed imho so the chance to go 10% has been missed. Ksh strength is being maintained by borrowing USD from IMF our kindhearted bank. 100bps, 200bps would be unlikely. Sehemu ndio nyumba
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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400bps? The GoK shouldn't borrow much more domestically. Stimulate the economy & collect more taxes. Let CBK manage liquidity via aggressive OMO. Hehe..let's see.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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CBK Lowers CBR By 200 basis points to 11%
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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holycow wrote:CBK Lowers CBR By 200 basis points to 11% Cheers.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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guru267 wrote:I see a 200-250bps cut! 200bps pap!  Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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lily livered. more in 2mths. cheers
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14% CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals. Money markets up, equities up - I guess this is a KE trend, very peculiar  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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hisah wrote:CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14% CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals. Money markets up, equities up - I guess this is a KE trend, very peculiar  Very peculiar indeed!
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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hisah wrote:CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14% CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals. Money markets up, equities up - I guess this is a KE trend, very peculiar
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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guru267 wrote:guru267 wrote:I see a 200-250bps cut! 200bps pap! Hail the Guru!!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14% CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals. Money markets up, equities up - I guess this is a KE trend, very peculiar >equities are up and the trend is in order >tbill are playing about CBR, talk of CBR being effective >C/A is on CBK watch, read today's MPC statement The economy is being stimulated by both monetary and fiscal policy. Ride the wave mate
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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Now, if only someone can tell us (in simple english) how to make money from all these?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Mukiri wrote:Now, if only someone can tell us (in simple english) how to make money from all these? Buy banks and insurance! It doesn't get any simpler than that.. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14% CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals. Money markets up, equities up - I guess this is a KE trend, very peculiar @hisah do U see the U.S 'fiscal cliff' giving us a break on the C/A as far as oil is concerned? From the MPC statement oil/fuel prices appear the remaining thorn in the inflation flesh.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Oops..Global mkts sink back to reality. Brent -4% at USD106.5/B we need sustained pressure. Hold oil at USD90/B FY2013!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:hisah wrote:CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14% CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals. Money markets up, equities up - I guess this is a KE trend, very peculiar @hisah do U see the U.S 'fiscal cliff' giving us a break on the C/A as far as oil is concerned? From the MPC statement oil/fuel prices appear the remaining thorn in the inflation flesh. If that fiscal cliff is what is going to force brent to tank sub $90, so be it. Cheap energy benefits everyone. The global econ is in a slump, who needs expensive energy now? How does it help? Irrational oil markets!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Cde Monomotapa wrote:hisah wrote:CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14% CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals. Money markets up, equities up - I guess this is a KE trend, very peculiar @hisah do U see the U.S 'fiscal cliff' giving us a break on the C/A as far as oil is concerned? From the MPC statement oil/fuel prices appear the remaining thorn in the inflation flesh. If that fiscal cliff is what is going to force brent to tank sub $90, so be it. Cheap energy benefits everyone. The global econ is in a slump, who needs expensive energy now? How does it help? Irrational oil markets!
Rodger that. Gracias.
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