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CBK leaves repo rate unchanged
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the deal
#1 Posted : Thursday, July 28, 2011 10:36:40 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Is it safe to say now...Shilling at a century vs collapsing USD.

Inflation at a scary 22%

The Unga revolution becomes an everyday thing and teargas is the Oxygen u breath in NBI? Kidding what do u guys think of CBK's recent move?
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youcan'tstopusnow
#2 Posted : Thursday, July 28, 2011 10:49:25 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
It was interesting to listen to a Ugandan official yesterday on Focus on Africa talking about how the Ugandan economy is "well managed". What with all the jets they are buying...
GOD BLESS YOUR LIFE
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maka
#3 Posted : Thursday, July 28, 2011 3:02:28 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Wise move by me,tightening further of the monetary policy wouldn't have made any changes as the rise in inflation is being caused by factors beyond CBK,s control.The government should rein inflation by ensuring supply of food especially maize then fuel is put under control...
possunt quia posse videntur
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Mainat
#4 Posted : Thursday, July 28, 2011 3:56:51 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
I think the guvnor is under pressure to keep the economy "growing" at the expense of macroeconomic stability
Sehemu ndio nyumba
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