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CBK MPC Meet!!!
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QW25091985
#121 Posted : Tuesday, June 05, 2012 10:54:56 AM
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Joined: 1/24/2012
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Location: In Da Hood
Sufficiently Philanga....thropic wrote:
Borrowers holding their breathe for QE, savers would only which for the opposite!
Currently a savers market!



are you a mkikuyu ? just asking . LOL !
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GGK
#122 Posted : Tuesday, June 05, 2012 2:41:30 PM
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Any smoke[white] from haile selassie?
"..I am because we are. "― Ubuntu, Umtu,
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mwekez@ji
#123 Posted : Tuesday, June 05, 2012 2:47:38 PM
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holycow
#124 Posted : Tuesday, June 05, 2012 5:39:59 PM
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Joined: 11/11/2006
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cnn
#125 Posted : Tuesday, June 05, 2012 5:40:20 PM
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GGK wrote:
Any smoke[white] from haile selassie?

CBR held steady at 18%.
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kyt
#126 Posted : Tuesday, June 05, 2012 6:51:26 PM
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i think these guys should admit that they are clueless and move out.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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hisah
#127 Posted : Tuesday, June 05, 2012 7:07:55 PM
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Joined: 8/4/2010
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kyt wrote:
i think these guys should admit that they are clueless and move out.

Not clueless, just stuck between a rock & a hard place. Ponzinomics is getting tough globally smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#128 Posted : Tuesday, June 05, 2012 8:19:53 PM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
hisah wrote:
kyt wrote:
i think these guys should admit that they are clueless and move out.

Not clueless, just stuck between a rock & a hard place. Ponzinomics is getting tough globally smile

It sucks to be a governor of any central bank right now....smile
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mwekez@ji
#129 Posted : Wednesday, June 06, 2012 8:36:12 AM
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Sufficiently Philanga....thropic
#130 Posted : Wednesday, June 06, 2012 9:01:41 AM
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Joined: 9/23/2010
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Location: Sundowner,Amboseli
QW25091985 wrote:
Sufficiently Philanga....thropic wrote:
Borrowers holding their breathe for QE, savers would only which for the opposite!
Currently a savers market!



are you a mkikuyu ? just asking . LOL !

Haiya! Blame it on my Pre-unit teasher! smile
@SufficientlyP
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Sufficiently Philanga....thropic
#131 Posted : Wednesday, June 06, 2012 9:03:25 AM
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Joined: 9/23/2010
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Location: Sundowner,Amboseli
mwekez@ji wrote:
Auctions for >5 yr papers coming soon. Read CBK MPC introducing longer tenor Term Auction Deposits as an additional instrument for liquidity management

More options for savers!
@SufficientlyP
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GenghisCapitalLtd
#132 Posted : Tuesday, June 26, 2012 11:10:07 AM

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Joined: 11/2/2011
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Location: Nairobi
Date has been set for the 10th July. Inflation looks to continue its downward trend with oil prices hitting USD91 and expectation of the Murban following these international prices (we expect the Murban to be USD103-107 at close of June), improved weather conditions thus declining food component pressure on CPI. Non-food, non-fuel increased in May 2012 to a touch above 10% - determining factor.

On the FX front, CBK has enough ammunition with increase of FX reserves. Regulator has stayed out of the market in 3 out of 5 days last week, expect increased activity from the regulator this week with anticipated increase in importer's demand.

Are we going to finally see a cut like we saw in Uganda this past meeting? What are your thoughts on it?
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Sufficiently Philanga....thropic
#133 Posted : Tuesday, June 26, 2012 4:09:00 PM
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I think they should hold the CBR at 18%. Thou reduction of crude is good news as it reduces imported inflation, the political & economic factors would favour higher rather than lower interest rates. We should be concerned with the fiscal side to influence the bop position first and the monetary policies will just fit in!
@SufficientlyP
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hisah
#134 Posted : Tuesday, June 26, 2012 4:28:24 PM
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As long as CBK needs to be selling USD to strengthen KES, I expect CBR to remain sky high. In May KES started weakening showing the threat remains alive.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#135 Posted : Friday, June 29, 2012 5:31:04 PM
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with June inflation having fallen sharply to 10.05% from 12.22% in May 2012, a period of monetary easing is in the offing

http://www.knbs.or.ke/cpi/cpi062012.pdf
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mwekez@ji
#136 Posted : Friday, June 29, 2012 8:12:06 PM
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Kenya's economy slows to 3.5pc in first quarter

http://www.businessdailyafrica....4/-/arl3ymz/-/index.html
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mwekez@ji
#137 Posted : Friday, June 29, 2012 8:13:49 PM
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Kenya growth and inflation down, rates may be next

http://af.reuters.com/article/k...ws/idAFL6E8HT5WE20120629
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Cde Monomotapa
#138 Posted : Friday, June 29, 2012 9:22:42 PM
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Hold CBR @18% some more. Let the feed-through preceed. Personally, easing as from Q4 will do. Cut based on banked longrains harvests & energy reliefs in the comfort of short rains.
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hisah
#139 Posted : Friday, June 29, 2012 11:37:21 PM
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mwekez@ji wrote:
Kenya's economy slows to 3.5pc in first quarter

http://www.businessdailyafrica....4/-/arl3ymz/-/index.html

But stocks have ignored the fundies. Cool smile Divergence has a nasty way of converging...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267
#140 Posted : Saturday, June 30, 2012 7:06:39 AM
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Joined: 1/21/2010
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hisah wrote:
mwekez@ji wrote:
Kenya's economy slows to 3.5pc in first quarter

http://www.businessdailyafrica....4/-/arl3ymz/-/index.html

But stocks have ignored the fundies. Cool smile Divergence has a nasty way of converging...


@hisah i thought the market was reflecting the poor macro situation... Many Stocks are trading at single digit P/Es & below their tangible book value.. What more do you want as a rational investor??

Growth of 3.5% is still POSITIVE growth.. In these economic hard times (CBR @ 18%) any growth is welcome...

despite only 1.7% growth in 2008 & 2.1% growth in 2009 corporates still managed positive growth in earnings so @ 3.5% i still expect double digit growth in EPS from corporates in 2012..

inotherwords the fundies are not great but still worthwhile for investing...




Mark 12:29
Deuteronomy 4:16
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