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CBK MPC Meet!!!
Rank: Member Joined: 2/8/2007 Posts: 808
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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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Shilling gets cover as forex reserves hit record levels http://www.businessdailyafrica....64/-/s2bkn7/-/index.htmlWe now await August inflation data and then 5th Sept MPC meeting
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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August inflation rate drops to 6.09% from July's 7.74%. All signs are clear. Over to MPC
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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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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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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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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Rank: Member Joined: 2/8/2007 Posts: 808
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I like the Aussie dollar, Canadian dollar, Swiss francs and euros... Let the CBR plunge  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Tbill 91 day yield down by 46.4bps from 8.583% to 8.119%.  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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mwekez@ji wrote:August inflation rate drops to 6.09% from July's 7.74%. All signs are clear. Over to MPC Problem banks are not adjusting the rates accordingly. I saw people are collecting signatures to pressure parliament to amend the law and regulate banks as had been earlier suggested as the banks will never be on mwananchi's side. It's about time they started paying better interests on savings. The fuel regulation seems to be working perfectly.
BBI will solve it :)
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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the banks have the financial muscles to bribe the legislators, they have done that twice, and they will do it again, and then again when they do that when will akina cde LOOOOOOOOOOAAAAAAAARRRRRRR!!!!!  i dont see it happening. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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2012 wrote:Problem banks are not adjusting the rates accordingly. When the CBK lowered to the CBR to 16.5% all banks lowered their lending rates by 1.5%.. The banks are following CBR not the inflation or Tbill rate! So just tulia for 5th Sept. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:August inflation rate drops to 6.09% from July's 7.74%. All signs are clear. Over to MPC 400-500bps will be the way of the MPC!!! The only way the base lending rate falls to 18% is if the CBR is at 11-12% Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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kyt wrote: am very sceptical about the inflation computations SERIOUSLY GUYS!!! I never once heard anyone complain about inflation computations when the rate was at 19.7%!! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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guru267 wrote:kyt wrote: am very sceptical about the inflation computations SERIOUSLY GUYS!!! I never once heard anyone complain about inflation computations when the rate was at 19.7%!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:mwekez@ji wrote:August inflation rate drops to 6.09% from July's 7.74%. All signs are clear. Over to MPC 400-500bps will be the way of the MPC!!! The only way the base lending rate falls to 18% is if the CBR is at 11-12% My only worry is opening the money flood within an election fever period... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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ECB meets on Sept 5th. MPC meets on Sept 5th. Coincidence... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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hisah wrote:guru267 wrote:mwekez@ji wrote:August inflation rate drops to 6.09% from July's 7.74%. All signs are clear. Over to MPC 400-500bps will be the way of the MPC!!! The only way the base lending rate falls to 18% is if the CBR is at 11-12% My only worry is opening the money flood within an election fever period... The question is do you believe an 18% base lending rate is fair in this environment?? If yes, (i think it is more than fair to the banks) the CBR must be slashed by 400bps! This is because the banks will not slash a single basis point more than the CBK! Mark 12:29
Deuteronomy 4:16
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