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CBK MPC Meet!!!
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Sufficiently Philanga....thropic
#261 Posted : Wednesday, September 05, 2012 3:29:00 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Okay prof,see you 1st week of November for another 350bps. Atleast at 9.5%, we can approach the banks for msaadasmile & hopefully sell some simba,mpesa & memba at a premium for an early christmasLaughing out loudly
@SufficientlyP
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FUNKY
#262 Posted : Wednesday, September 05, 2012 3:36:39 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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dijkstra
#263 Posted : Wednesday, September 05, 2012 3:53:12 PM
Rank: Member

Joined: 11/28/2006
Posts: 91
What happens to interest on existing unsecured loans? Will their interest rate come down automatically, or I have to TOP-UP?
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bartum
#264 Posted : Wednesday, September 05, 2012 3:54:03 PM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
factors to watch going forward.
1)oil prices.
2)world food prices
3)europe crisis
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samsa
#265 Posted : Wednesday, September 05, 2012 4:20:59 PM
Rank: Member

Joined: 5/7/2009
Posts: 155
i do believe its a welcome move. More of the reduction on CBR would add pressure on the KShs and inflation will go up again. The Euro crisis is still ongoing and we do not expect it to end soon. The majority still prefer dollars than euros due to its volatility.
This cut will however make customers access more credit and liquidity might go up. CBK might increase cash reserve ratio for banks effective 15th sept.
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FUNKY
#266 Posted : Wednesday, September 05, 2012 5:05:19 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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FUNKY
#267 Posted : Wednesday, September 05, 2012 5:07:03 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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guru267
#268 Posted : Wednesday, September 05, 2012 5:33:28 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Banks will now respond by reducing the base lending rate to 19%!
Mark 12:29
Deuteronomy 4:16
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Impunity
#269 Posted : Wednesday, September 05, 2012 5:54:39 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
guru267 wrote:
Banks will now respond by reducing the base lending rate to 19%!


Still very low considering that loans were being dished at 14% about 3 years ago!
Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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guru267
#270 Posted : Wednesday, September 05, 2012 8:18:15 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Impunity wrote:
guru267 wrote:
Banks will now respond by reducing the base lending rate to 19%!


Still very low considering that loans were being dished at 14% about 3 years ago!
Sad


Dont worry.. Ndungu and his boys are paranoid about the external factors that could be potential shocks to the shilling & inflation! They cannot just free the floodgates as @hisah would say!

350bps cut is not bad since i was gunning for 400bps..
Prepare for boom times on the NSE!! smile
Mark 12:29
Deuteronomy 4:16
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