If a man had the guts to play your forecast, really make a decisive move, he would be in the money. But alas, where art thou brave knight?

I just think that was a very dumb move by GoK signalling higher inflation, weaker KES, higher yields.
Now MPC will have to raise the cbr by a further 300bps or so to tame the USD bulls....well at the expense of the economy/NSE. The crowding out effect is underway.
#PainInThePocket

Question when the IMF lends Kenya this cash , im sure there is interest and we have to repay , don't we ? Doesn't this in turn mean even more money leaving Kenya? How heavily is the GOK locally , the monetary policy of mopping up cash is going to hurt businesses only people with overly large fixed deposits of 250mn plus love it when interest rates are hiked as they cash in like one arm bandit paying out a jackpot. Even this is unsustainable because Kenyans cant afford to borrow at excessively high rate , defaulting increases banks under pressure tighten their belts. Economic growth potential shrinks , government comes under pressure to raise money for running country . Vicious circle. what i agree with i seea very weak KES in the near future and dire times for businesses

And heavy imports...to the extend of importing toothpicks. We are buying the dollar so that we can go buy toothpicks from China. Unless that is resolved,....we will see 110/- soon and very soon. No one is stopping the dollar from strengthening not unless there's another major calamity.

We either start pumping out that oil or reduce what we're importing. These other simple cosmetics will not work, infact CBK should let it be