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CBK MPC Meet!!!
Cde Monomotapa
#361 Posted : Saturday, December 29, 2012 5:27:08 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
josiah33 wrote:
mwekez@ji wrote:
#Reading the tea leaves; Thus, 10th January 2013, MPC cuts CBR smile

And commercial banks follow suit. Will they?

@Josi but the banks have been responding.
hisah
#362 Posted : Thursday, January 10, 2013 12:02:34 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
I expect CBK to cut CBR by 50-75bps for some more stimulus. But there is a chance the rate will be held steady since inflation in Nov vs Dec was almost balanced.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
holycow
#363 Posted : Thursday, January 10, 2013 3:58:20 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 972
Location: Home
‏@KTNKenya
#CBK cuts lending rate to 9.5 percent from 11 percent citing stable #inflation and also to raise level of lending to the private sector.
youcan'tstopusnow
#364 Posted : Thursday, January 10, 2013 6:05:33 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
The Committee decided to lower the Central
Bank Rate by 150 basis points to 9.50 percent. It will also continue to monitor closely any risks to the macroeconomic outlook in the coming months and take
appropriate actions to
maintain the required price stability.
http://www.centralbank.g...reduced-to-9-50-percent
GOD BLESS YOUR LIFE
hisah
#365 Posted : Thursday, January 10, 2013 6:56:54 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wow! CBR cut was double my expectation - stimulus double down. NSE should continue with the bullish trend as more cash checks in out of treasuries. Banks being forced to lend smile I'm sure post election, the loan selling mood will begin in earnest as lenders outdo one another with cheaper lending rates...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
digitek1
#366 Posted : Thursday, January 10, 2013 7:08:44 PM
Rank: Veteran


Joined: 2/3/2010
Posts: 1,797
Location: Kenya
hisah wrote:
Wow! CBR cut was double my expectation - stimulus double down. NSE should continue with the bullish trend as more cash checks in out of treasuries. Banks being forced to lend smile I'm sure post election, the loan selling mood will begin in earnest as lenders outdo one another with cheaper lending rates...

the current interest rates are to sweet. they are unlikely to lower soon or significantly for that matter
I may be wrong..but then I could be right
githundi
#367 Posted : Thursday, January 10, 2013 7:39:49 PM
Rank: Veteran


Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
digitek1 wrote:
hisah wrote:
Wow! CBR cut was double my expectation - stimulus double down. NSE should continue with the bullish trend as more cash checks in out of treasuries. Banks being forced to lend smile I'm sure post election, the loan selling mood will begin in earnest as lenders outdo one another with cheaper lending rates...

the current interest rates are to sweet. they are unlikely to lower soon or significantly for that matter

think so because there is still high credit risk especially for unsecured loan. On the same note i expect variable rates for mortgages to go down as this is secured.
Democracy does not belong to the dead
ChessMaster
#368 Posted : Thursday, January 10, 2013 7:49:02 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
githundi wrote:
digitek1 wrote:
hisah wrote:
Wow! CBR cut was double my expectation - stimulus double down. NSE should continue with the bullish trend as more cash checks in out of treasuries. Banks being forced to lend smile I'm sure post election, the loan selling mood will begin in earnest as lenders outdo one another with cheaper lending rates...

the current interest rates are to sweet. they are unlikely to lower soon or significantly for that matter

think so because there is still high credit risk especially for unsecured loan. On the same note i expect variable rates for mortgages to go down as this is secured.

I wouldn't touch a loan now not knowing what would happen March. They could be attractive now but then
Uncertainty is certain.Let go
Cde Monomotapa
#369 Posted : Friday, January 11, 2013 8:41:37 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Banks will only lower rates while looking at their Cost of Funds. Margins have to be maintained. Hii hapana charity! Hehe. Nevertheless, money mkt rates are down big time y-o-y (latest 91-day @8.1%) so let's see.
Rahatupu
#370 Posted : Friday, January 11, 2013 8:48:27 AM
Rank: Veteran


Joined: 12/4/2009
Posts: 1,982
Location: matano manne
githundi wrote:
digitek1 wrote:
hisah wrote:
Wow! CBR cut was double my expectation - stimulus double down. NSE should continue with the bullish trend as more cash checks in out of treasuries. Banks being forced to lend smile I'm sure post election, the loan selling mood will begin in earnest as lenders outdo one another with cheaper lending rates...

the current interest rates are to sweet. they are unlikely to lower soon or significantly for that matter

think so because there is still high credit risk especially for unsecured loan. On the same note i expect variable rates for mortgages to go down as this is secured.
.

Not too soon. They milk this segment more than any other. Recall the rates are still above 15% on average.
Sufficiently Philanga....thropic
#371 Posted : Friday, January 11, 2013 9:33:19 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
And NSE 20 share index surely headed to 4,500 levels by end monthApplause Applause
@SufficientlyP
mwekez@ji
#372 Posted : Friday, January 11, 2013 10:50:36 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
CBK signal is clear. Applause Applause Applause May the stock market read this smile smile smile
Mukiri
#373 Posted : Saturday, January 12, 2013 1:46:37 AM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
Dollar Rise Is the $$ expected to raise with all the foreign investors streaming in?

Proverbs 19:21
guru267
#374 Posted : Saturday, January 12, 2013 3:59:25 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Mukiri wrote:
Dollar Rise Is the $$ expected to raise with all the foreign investors streaming in?


@Mukiri the CBK has been offering artificial support to the shilling for a long time now.. i wonder how much longer they can keep that up!

I agree that USD inflows are also helping the shilling... Will these inflows continue after an Uhuru ruto election triumph??
Mark 12:29
Deuteronomy 4:16
Impunity
#375 Posted : Saturday, January 12, 2013 5:29:07 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
guru267 wrote:
Mukiri wrote:
Dollar Rise Is the $$ expected to raise with all the foreign investors streaming in?


@Mukiri the CBK has been offering artificial support to the shilling for a long time now.. i wonder how much longer they can keep that up!

I agree that USD inflows are also helping the shilling... Will these inflows continue after an Uhuru ruto election triumph??


Your initial signature about "Ass voting" will apply.
Painfully though.
Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Mukiri
#376 Posted : Saturday, January 12, 2013 10:38:15 AM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
guru267 wrote:
Mukiri wrote:
Dollar Rise Is the $$ expected to raise with all the foreign investors streaming in?


@Mukiri the CBK has been offering artificial support to the shilling for a long time now.. i wonder how much longer they can keep that up!

I agree that USD inflows are also helping the shilling... Will these inflows continue after an Uhuru ruto election triumph??


This is reson to pile up those $$. Know anything abour Dollar FDRs?

Proverbs 19:21
hisah
#377 Posted : Thursday, January 17, 2013 5:59:01 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
And NSE 20 share index surely headed to 4,500 levels by end monthApplause Applause

Actually 4 days later after the CBR rate cut?! Index going parabolic in a haywire fashion setting off my caution alarms...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Sufficiently Philanga....thropic
#378 Posted : Thursday, January 17, 2013 6:16:24 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
hisah wrote:
Sufficiently Philanga....thropic wrote:
And NSE 20 share index surely headed to 4,500 levels by end monthApplause Applause

Actually 4 days later after the CBR rate cut?! Index going parabolic in a haywire fashion setting off my caution alarms...

Haiya,how soonsmile Time to harvest!
@SufficientlyP
hisah
#379 Posted : Monday, January 21, 2013 11:26:54 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@deal - see the USDKES coiling...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#380 Posted : Tuesday, January 22, 2013 3:09:25 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
87.35/- trades on USDKES. Watch inflation rates, tbill, bonds - that stuff...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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