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CBK MPC Meet!!!
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Impunity
#321 Posted : Thursday, November 08, 2012 9:26:46 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
guru267 wrote:
guru267 wrote:
I see a 200-250bps cut!


200bps pap! smile


I expected a single figure!

Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Jitahidi
#322 Posted : Thursday, November 08, 2012 9:39:24 AM
Rank: Member

Joined: 5/8/2008
Posts: 288
Cde Monomotapa wrote:
hisah wrote:
CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14%

CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals.

Money markets up, equities up - I guess this is a KE trend, very peculiar d'oh!


@hisah do U see the U.S 'fiscal cliff' giving us a break on the C/A as far as oil is concerned? From the MPC statement oil/fuel prices appear the remaining thorn in the inflation flesh.


Am hoping commercial banks will reduce their interest rates asap
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2012
#323 Posted : Thursday, November 08, 2012 10:51:40 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
guru267 wrote:
Buy banks and insurance! It doesn't get any simpler than that..


@guru, why insurance?

BBI will solve it :)
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smallfama
#324 Posted : Thursday, November 08, 2012 12:48:40 PM
Rank: New-farer

Joined: 8/15/2010
Posts: 99
Location: nairobi
Banks have been very mum on this development... seems they don't want to lower the lending rates to protect their Q4 interest income.
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XSK
#325 Posted : Thursday, November 08, 2012 12:53:19 PM
Rank: Veteran

Joined: 12/8/2009
Posts: 975
Location: Nairobi
smallfama wrote:
Banks have been very mum on this development... seems they don't want to lower the lending rates to protect their Q4 interest income.


Atleast someone on the same line of thought like me! The interest rates need to come down like yesterday!! I am suffering...... Sad
You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Gatheuzi
#326 Posted : Thursday, November 08, 2012 3:33:35 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
2012 wrote:
guru267 wrote:
Buy banks and insurance! It doesn't get any simpler than that..


@guru, why insurance?


I also agree with buying banks. They always seem to win the war on lending rates and it is obvious most people can't do without debts.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Cde Monomotapa
#327 Posted : Thursday, November 08, 2012 4:16:08 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Jitahidi wrote:
Cde Monomotapa wrote:
hisah wrote:
CBR lowered to 11%, tbill 91day last auction - 10.24%, NSE20 above 4100pts, USDKES steady at 85s, latest inflation @4.14%

CBR and inflation - downwards, tbills upwards, NSE bullish, USDKES steady, GoK C/A still wide. Very mixed signals.

Money markets up, equities up - I guess this is a KE trend, very peculiar d'oh!


@hisah do U see the U.S 'fiscal cliff' giving us a break on the C/A as far as oil is concerned? From the MPC statement oil/fuel prices appear the remaining thorn in the inflation flesh.


Am hoping commercial banks will reduce their interest rates asap

^ ASAP is probably 1st of Jan. smile Hang in there!
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guru267
#328 Posted : Thursday, November 08, 2012 8:35:05 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:
guru267 wrote:
Buy banks and insurance! It doesn't get any simpler than that..


@guru, why insurance?


Both equities and bonds do well during the period of a declining CBR... This has been very evident in 2012!

One of The biggest holders of bonds and equities are insurance companies!

for example in 2012 Kenya re has made a whopping 400million in capital gains from their 1% holding in KCB!
Mark 12:29
Deuteronomy 4:16
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guru267
#329 Posted : Thursday, November 08, 2012 8:38:34 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
smallfama wrote:
Banks have been very mum on this development... seems they don't want to lower the lending rates to protect their Q4 interest income.


The lending rates will most likely fall to 17% by next week!
Mark 12:29
Deuteronomy 4:16
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Sufficiently Philanga....thropic
#330 Posted : Friday, November 09, 2012 10:31:41 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
With the next CBR review in Jan & with the rains staying their cause, I see the NSE closing the year at post 4,000 points!Applause Applause Applause
@SufficientlyP
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