hisah wrote:And as expected MPC maintain CBR at 18%... So is inflation really falling?
• Inflation target is 9% for fiscal year 2011/12. Tough call!!! Fiscal year end is less than 3 months away.
• Growth in private sector credit has also continued to decline but it’s still above target. And demand for credit to finance consumer durables increased in Feb.
• Looks like CBK should increase the CBR. However, the thing we can tell for sure is that 18% will stay for longer if it will not be increased in next MPC
http://www.centralbank.go.ke/do...f%20April%204%202012.pdf