CBK should hire 'Rain' from MK4

We can only wait for Q4...

CBKs role is price stability and top defend the value of the KES, vision 2030 related agendas fall under the vision 2030 secretariat

NB: It is still a requirement by CBK that banks present their FX transactions books for scrutiny before qualifying at the discount window. In my opinion, and to summarise, I think the CBK is pointing to a return to fundamental banking i.e go out marketing, gather deposits and make loans (currently only KCB & Equity are visibly doing so). No more sky-larking and speculating (FX) at the expense of the greater economy. If this calls for a sector consolidation, then so be it.

I think to be fair the issue is being clouded. Inflation may be imported or supply side, I don't argue, but I think the issue on hand is the CBK handling of matters.

A lame duck approach early on led to rampant speculation, mostly by banks CBK cannot discipline. A total turnaround then occurred, and draconian measures came next, which caused the liquidity crunch.

Now, this has been replaced with opacity, as in no one knows how the window rate is measured...followed by a bit more confusion, like selling tiny amounts of forex in the market yesterday.

Too much confusion reigns. What would be desirable is stability, a serious, mature, non-academic approach to matters.

Remember, you can defend either your currency, or your interest rates, but not both! Make a choice, and stick to it.