wazua Thu, May 7, 2026
Welcome Guest Search | Active Topics | Log In

15 Pages123>»
CBK's CBR shocker @ 16.5% - Playing Serious Hard Ball?!
Options
Previous Topic · Next Topic
mwanahisa
#1 Posted : Tuesday, November 01, 2011 5:12:31 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
News just in.

The CBK's Monetary Policy Committee has jacked up the CBR by an astronomical 550 basis points. This is much higher than the 250 basis points anticipated by analysts. CBK has become really aggressive - or was it pushed to do so by the IMF?

What do you guys think wil be the impact?
Back to top
  |
kyt
#2 Posted : Tuesday, November 01, 2011 5:13:48 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
thats a shocker! nimesare
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
Back to top
  |
Iborian
#3 Posted : Tuesday, November 01, 2011 5:19:05 PM
Rank: Member

Joined: 4/17/2009
Posts: 194
Our banks will swiftly follow suit with another round of base rate increases. I expect a credit squeeze to ensue and NPLs to skyrocket.
Back to top
  |
Mainat
#4 Posted : Tuesday, November 01, 2011 5:22:07 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Average is now 19%. Add another 2% on top of that.
Haya, mambo baado. Machozi time
Sehemu ndio nyumba
Back to top
  |
'user'
#5 Posted : Tuesday, November 01, 2011 5:23:35 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
sacco option inevitable.ama turudi ocha tuanze barter trade.seriuosly what is the intention of raising cbk rate this much this time?
to make us cry more? I find it sadist
2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
Back to top
  | | Edit by user: Tuesday, November 01, 2011 5:27 PM | Reason: Not specified
mwanahisa
#6 Posted : Tuesday, November 01, 2011 5:29:29 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
Meanwhile, Uganda also raised its benchmark rate by 300 basis points to 23%. Talk of a concerted effort by the EAC Central Banks to try and stem the unrelenting plunge of their currencies and unprecedented inflation rates.

Maybe if they had done this earlier, a lot of agony could have been avoided.

See:

http://www.bloomberg.com...b-runaway-inflation.html
Back to top
  |
Cde Monomotapa
#7 Posted : Tuesday, November 01, 2011 5:38:49 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
If the banks don't sell off their USDs coz of this, I don't know what else will encourage them smile
Back to top
  |
Cde Monomotapa
#8 Posted : Tuesday, November 01, 2011 5:41:49 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Anyhu...a lot of Wazuans and spectators bayed for blood..sasa imeletwa na tanker Laughing out loudly Laughing out loudly #be careful what U wish for smile
Back to top
  |
hisah
#9 Posted : Tuesday, November 01, 2011 5:42:21 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Definitely TBills looking greener soon just like tea & coffee stocks...

Loan defaults! Pole sana to those affected...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
mzeemmoja
#10 Posted : Tuesday, November 01, 2011 6:00:12 PM
Rank: Hello

Joined: 11/1/2011
Posts: 1
Yeah and the CRR is up to 5.75% from 4.75%. Talk of Kes sqeeze from the economy. More capital flight from equity to MM. USD I hear traded at 96.8 today....
Back to top
  |
15 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.