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?