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CBK MPC Meet!!!
KulaRaha
#81 Posted : Tuesday, March 06, 2012 4:21:13 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
synergia wrote:
KulaRaha wrote:
Petrol pump prices will go up this month...I wonder how they will reduce CBR next month.


Mpigs really wanted that rate brought down and i know one way or the other they are gonna have their way with it,im even shocked that it did not happen in todays meeting.


Drop the rate and watch the KES at 90/=. Then inflation will start all over again...
Business opportunities are like buses,there's always another one coming
guru267
#82 Posted : Tuesday, March 06, 2012 5:36:18 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:

Holders of bank stockers be wary because MPC had the following message for you

"Private sector credit growth has declined but needs to slow down further to dampen demand-related inflation pressures.


"We will weather the storm in 2012 and deliver good results to shareholders" Martin Otieno Oduor, CEO KCB group..
Mark 12:29
Deuteronomy 4:16
mwekez@ji
#83 Posted : Wednesday, March 07, 2012 9:30:52 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
mwekez@ji wrote:

Holders of bank stockers be wary because MPC had the following message for you

"Private sector credit growth has declined but needs to slow down further to dampen demand-related inflation pressures.


"We will weather the storm in 2012 and deliver good results to shareholders" Martin Otieno Oduor, CEO KCB group..


Your CEO recognises the storm ahead and the regulator has the following to say

… private sector credit growth continued to slowdown in Jan (from 30.9% in Dec to 28% in Jan)

… although the private sector credit growth was declining, its effect on both the demand for imports and consumer goods had yet to be adequately felt

… CBR rate maintained at 18% to ensure that monetary policy measures in place continue to work through the economy.

So, how does your CEO plan to weather this and all the other election + 2012 storms?
GenghisCapitalLtd
#84 Posted : Thursday, March 08, 2012 1:13:36 PM

Rank: Bona-fide


Joined: 11/2/2011
Posts: 191
Location: Nairobi
2012 will be a tougher year for the financial services sector but the banks will come up with ingenious ways of mitigating this risk. Equity Bank has already assembled a team with immense experience for their corporate finance, investment banking and SME divisions. Surely other banks will follow this trend. The banks will come out smelling of roses at year end 2012.
Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
mwekez@ji
#85 Posted : Wednesday, March 14, 2012 12:13:04 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah
#86 Posted : Wednesday, March 14, 2012 12:33:45 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977

Get used to it... BD has an article indicating that big bro has backtracked on the inflation fudging suggestion back in Jan. I'll believe it when I see it.

For now high rates till ur waist shrinks to size 8 to fit on those micro mini budgets...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
holycow
#87 Posted : Wednesday, April 04, 2012 1:39:15 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 971
Location: Home
Anxious Waiting.
Impunity
#88 Posted : Wednesday, April 04, 2012 2:40:08 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
holycow wrote:
Anxious Waiting.


I wish they could raise the base rate so that inflation comes more down.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

hisah
#89 Posted : Wednesday, April 04, 2012 2:57:01 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Impunity wrote:
holycow wrote:
Anxious Waiting.


I wish they could raise the base rate so that inflation comes more down.

And GDP would shrink at the same breath...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#90 Posted : Wednesday, April 04, 2012 4:36:54 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
And as expected MPC maintain CBR at 18%... So is inflation really falling?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
FUNKY
#91 Posted : Wednesday, April 04, 2012 4:40:06 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
mwekez@ji
#92 Posted : Wednesday, April 04, 2012 5:06:23 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
hisah wrote:
And as expected MPC maintain CBR at 18%... So is inflation really falling?


• Inflation target is 9% for fiscal year 2011/12. Tough call!!! Fiscal year end is less than 3 months away.

• Growth in private sector credit has also continued to decline but it’s still above target. And demand for credit to finance consumer durables increased in Feb.

• Looks like CBK should increase the CBR. However, the thing we can tell for sure is that 18% will stay for longer if it will not be increased in next MPC

http://www.centralbank.go.ke/do...f%20April%204%202012.pdf
Cde Monomotapa
#93 Posted : Wednesday, April 04, 2012 6:39:12 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Good. Let it keep raining 1st.
hisah
#94 Posted : Wednesday, April 04, 2012 7:39:07 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Good. Let it keep raining 1st.

Did CBK finally hire the rainmakers.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#95 Posted : Wednesday, April 04, 2012 8:19:14 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Good. Let it keep raining 1st.

Did CBK finally hire the rainmakers.

Laughing out loudly Laughing out loudly Laughing out loudly
mwekez@ji
#96 Posted : Wednesday, April 04, 2012 8:30:09 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Cde Monomotapa wrote:
hisah wrote:
Cde Monomotapa wrote:
Good. Let it keep raining 1st.

Did CBK finally hire the rainmakers.

Laughing out loudly Laughing out loudly Laughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly
holycow
#97 Posted : Thursday, May 03, 2012 5:49:21 PM
Rank: Veteran


Joined: 11/11/2006
Posts: 971
Location: Home
No change, 18% it is.
hisah
#98 Posted : Thursday, May 03, 2012 6:48:43 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
holycow wrote:
No change, 18% it is.

18% for 6 months stuck there with supa glue! Meanwhile inflation has been trickling down for 5 months running.

Who's fooling who?

Who's running treasury. Wait for it....

International Mothers & Fathers... Welcome KE to servitude. Hope you enjoy your economic prospects for the year.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#99 Posted : Thursday, May 03, 2012 6:51:05 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
But when CBR is lowered 600bps in one move, just buy stocks even paka?!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
GenghisCapitalLtd
#100 Posted : Thursday, May 03, 2012 6:53:29 PM

Rank: Bona-fide


Joined: 11/2/2011
Posts: 191
Location: Nairobi
hisah wrote:
holycow wrote:
No change, 18% it is.

18% for 6 months stuck there with supa glue! Meanwhile inflation has been trickling down for 5 months running.

Who's fooling who?

Who's running treasury. Wait for it....

International Mothers & Fathers... Welcome KE to servitude. Hope you enjoy your economic prospects for the year.

Laughing out loudly Laughing out loudly Wasn't it obvious that it would stick at 18%? BBK reduced its base lending rates let's wait and see whether ROAR or Member will follow suit..
Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
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