[quote=kenyainvestor]In the midst of all the chaos, BOC Kenya nets 81 per cent growth in half-year profits http://www.businessdaily...6/-/rp6uhr/-/index.html[/quote]
Sell the news, buy the rumour. That's the golden rule.

When will this so called investors on Wazua understand that the CBK is no farmer, rain maker or has a oil rig in its basement.

With crude oil prices falling and maintaing below $100 will do good for the KES soon too.

Tell me how monetary policy creates rains to grow crops and I will withdraw my statement.

Instead of creating more panic he should calm the markets. Treasury & Central Banks all over the world assist in maintaining market confidence through their various monetary policies, so even without a farm, oil rig or rain making powers he can assist in returning market confidence by first reducing his dollar reserves (The guy is directly competing with the market in sweeping up the dollar). Yesterday i was trying to purchase some dollars & it was stressful to get & this kind of demand & scarce supply is what is first of all creating problems & when solved might partly reduce the currently fast rising inflation.