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CBK MPC Meet!!!
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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hisah wrote:87.35/- trades on USDKES. Watch inflation rates, tbill, bonds - that stuff... Interesting 87.45 printed...could the recent rate cut be the last one in 2013? Will the CBK be forced to hike the CBR to hault the KES's slide? interesting
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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the deal wrote:hisah wrote:87.35/- trades on USDKES. Watch inflation rates, tbill, bonds - that stuff... Interesting 87.45 printed...could the recent rate cut be the last one in 2013? Will the CBK be forced to hike the CBR to hault the KES's slide? interesting I've been wondering who would take a loan right now just to end up with an unpredictable rate after march. Anyway,what about tourism?We're already seeing the precaution they're taking. By also lowering the CBR and commercials banks following suit,Kenyans will have more money and will again go to funding imports.What do you think,am I a bit off? Uncertainty is certain.Let go
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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hisah wrote:87.35/- trades on USDKES. Watch inflation rates, tbill, bonds - that stuff... Corresponds with the net selling by foreigners at the NSE yesterday & partly today. @SufficientlyP
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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holycow wrote:To hold or to cut! Either is fuel to the Mbus ...
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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- Kenya's Monetary Policy Committee retains the CBR at 9.50 percent. - The MPC 'expects the elections will enhance confidence, giving rise to optimism & a revision of portfolios towards long-term investments.' - MPC notes maintained confidence in economy with NSE-20 up from 4,416.60 in Jan to 4,518.59 in Feb 2013 with increased foreign participation. - KE diaspora remittances up from USD97.50m in Nov 2012 to USD105.66m in Dec 2012; amounted to USD102.97m in Jan 2013 - MPC GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Expected. Slashing CBR now would have rocked KES. Inflation reversed in Feb so they have to keep an eye on that too going forward to check price stability. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Sufficiently Philanga....thropic wrote:hisah wrote:87.35/- trades on USDKES. Watch inflation rates, tbill, bonds - that stuff... Corresponds with the net selling by foreigners at the NSE yesterday & partly today. What do we expect of NSE 2morrow? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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youcan'tstopusnow wrote:- Kenya's Monetary Policy Committee retains the CBR at 9.50 percent. - The MPC 'expects the elections will enhance confidence, giving rise to optimism & a revision of portfolios towards long-term investments.' - MPC notes maintained confidence in economy with NSE-20 up from 4,416.60 in Jan to 4,518.59 in Feb 2013 with increased foreign participation. - KE diaspora remittances up from USD97.50m in Nov 2012 to USD105.66m in Dec 2012; amounted to USD102.97m in Jan 2013 - MPC
Good move indeed. Business opportunities are like buses,there's always another one coming
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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jerry wrote:Sufficiently Philanga....thropic wrote:hisah wrote:87.35/- trades on USDKES. Watch inflation rates, tbill, bonds - that stuff... Corresponds with the net selling by foreigners at the NSE yesterday & partly today. What do we expect of NSE 2morrow? Bull continuation. Nothing has changed.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:jerry wrote:What do we expect of NSE 2morrow? Bull continuation. Nothing has changed. MPC has also explicitly stated that portfolios should be revised towards long term investments. NSE is such an investment. .... the bull continua
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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hisah wrote:jerry wrote:Sufficiently Philanga....thropic wrote:hisah wrote:87.35/- trades on USDKES. Watch inflation rates, tbill, bonds - that stuff... Corresponds with the net selling by foreigners at the NSE yesterday & partly today. What do we expect of NSE 2morrow? Bull continuation. Nothing has changed. Tomorrow we go past 5,000pts on the NSE #makingmoney2013 @SufficientlyP
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Over to MPC. I see a reduction by 150 basis points to 8% (a bit ambitious if you ask me). With Brent checked at 101, political uncertainty at an all time low, a new administration in place, a strong/stable shilling, rains around and monthly inflation unchanged, it's all systems go. Banks will smile, money will look for Equities. @SufficientlyP
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Coming soon... logic would leave rates unchanged, but will logic prevail? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Any white smoke from huko @scubidu @kizee1 The NSE has already factored in a rate hike. @SufficientlyP
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Sufficiently Philanga....thropic wrote:Any white smoke from huko @scubidu @kizee1 The NSE has already factored in a rate hike. Rate hike? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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KulaRaha wrote:Sufficiently Philanga....thropic wrote:Any white smoke from huko @scubidu @kizee1 The NSE has already factored in a rate hike. Rate hike? Sorry, meant a rate cut. @SufficientlyP
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Sufficiently Philanga....thropic wrote:KulaRaha wrote:Sufficiently Philanga....thropic wrote:Any white smoke from huko @scubidu @kizee1 The NSE has already factored in a rate hike. Rate hike? Sorry, meant a rate cut. Although good for growth too much liquidity will breed inflation! I support @KulaRaha for status quo. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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jerry wrote:Sufficiently Philanga....thropic wrote:KulaRaha wrote:Sufficiently Philanga....thropic wrote:Any white smoke from huko @scubidu @kizee1 The NSE has already factored in a rate hike. Rate hike? Sorry, meant a rate cut. Although good for growth too much liquidity will breed inflation! I support @KulaRaha for status quo. leave alone it seems to be the only thing propping up the shilling...anyways...they should announce soon. Business opportunities are like buses,there's always another one coming
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