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CBK MPC Meet!!!
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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Othelo wrote:What has our new CBK Governor said?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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The optimist wrote:Othelo wrote:What has our new CBK Governor said? Interesting times ahead... possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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maka wrote:The optimist wrote:Othelo wrote:What has our new CBK Governor said? Interesting times ahead... A bold monetary tightening move
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Rank: User Joined: 1/20/2014 Posts: 3,528
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I hope the listed banks/financial institutions will take advantage of the times ahead to clean their NPL books and blame it on the economy and start refreshed in the next phase. Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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You surely know a lot about banking Othelo wrote:I hope the listed banks/financial institutions will take advantage of the times ahead to clean their NPL books and blame it on the economy and start refreshed in the next phase. Sehemu ndio nyumba
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Really painful for borrowers. But savers are a happy lot, well if you can competitively bid in those 91day T/Bill auctions. i remember one getting 23% in Dec 2011  @SufficientlyP
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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Sufficiently Philanga....thropic wrote:Really painful for borrowers. But savers are a happy lot, well if you can competitively bid in those 91day T/Bill auctions. i remember one getting 23% in Dec 2011 Hmmmh...which is better investing directly in T Bills or via money market fund....Pan Africa Pesa + currently offering 12.79%...who has dealt with them? Recommendations? Offering my personal finance knowledge for free
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mainat wrote:You surely know a lot about banking Othelo wrote:I hope the listed banks/financial institutions will take advantage of the times ahead to clean their NPL books and blame it on the economy and start refreshed in the next phase. Let the high stakes games begin. Weak banks will be swallowed by the sharks. Consolidation expected.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/31/2007 Posts: 304
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Rank: Veteran Joined: 11/11/2006 Posts: 972 Location: Home
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Quote:The Committee noted that overall inflation is expected to decline and remain within the
Government target range in the short-term. Therefore, it concluded that there was policy
space for an easing of monetary policy while continuing to anchor inflation expectations.
The MPC therefore decided to lower the CBR by 100 basis points to 10.5 percent. The
CBK will continue to monitor developments in the economy, and will use instruments at
its disposal to maintain overall price and financial sector stability. https://www.centralbank.go.ke/im...eleases/MPCMay232016.pdf
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