Wazua
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era of cheap money over?
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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so today 9billion matures in bills and bonds and cbk mop up(or state their intention to do the same)..short term rates surging..overnight rates hit 5%...do wazuans think that we are in a tightening phase? i see the fed has signalled it has stopped loosening...further, any chance we see an economic contraction? kwanza property sector...can the growth really be sustained
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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So, the overnight rate finally trades above CBR(as it should i guess)the day before last sees 24billion borrowed in the overnight Kes market, things getting thick...
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Wazua
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Investor
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Economy
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era of cheap money over?
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