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and the inflation rate for may is.....
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hisah
#11 Posted : Tuesday, May 31, 2011 1:10:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Hmmm... Long term bond holders (esp banks)and interest rate (CBR) hikes will find a way to live 'happily together' in this trap Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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invest0r
#12 Posted : Tuesday, May 31, 2011 1:47:52 PM
Rank: Member

Joined: 12/15/2010
Posts: 162
Sufficiently Philanga....thropic wrote:
Blame it all on the oil mess sparked by the Arab awekening. When will we ever discover our own oil or atleast tap inot our neighbours discovered oil deposits?
Everything is damn up, i pitty those guys who rushed into the 30 year bond! They will be stuck there for as long as the interest rates keep going up!


Have a look at the details and you will realize that we cannot blame it all on oil.

http://www.knbs.or.ke/sectoral/cpi/cpi052011.html

A quick analysis reveals that Food & Non-Alcoholic Beverages went up by a whooping 20.12% (blame it on our poor economic policies and very kidogo on drought. Notice Unga has gone up by 15% to KES.109 in 1 month only). However, the increase in transport by 22.19% is partly caused by our poor oil importation system and the oil crisis in MENA.

Proper planning can significantly reduce the inflation otherwise we are headed to the gallows in the coming months
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  | | Edit by user: Tuesday, May 31, 2011 1:56 PM | Reason: Not specified
kizee1
#13 Posted : Tuesday, May 31, 2011 2:30:17 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
invest0r wrote:
Sufficiently Philanga....thropic wrote:
Blame it all on the oil mess sparked by the Arab awekening. When will we ever discover our own oil or atleast tap inot our neighbours discovered oil deposits?
Everything is damn up, i pitty those guys who rushed into the 30 year bond! They will be stuck there for as long as the interest rates keep going up!


Have a look at the details and you will realize that we cannot blame it all on oil.

http://www.knbs.or.ke/sectoral/cpi/cpi052011.html

A quick analysis reveals that Food & Non-Alcoholic Beverages went up by a whooping 20.12% (blame it on our poor economic policies and very kidogo on drought. Notice Unga has gone up by 15% to KES.109 in 1 month only). However, the increase in transport by 22.19% is partly caused by our poor oil importation system and the oil crisis in MENA.

Proper planning can significantly reduce the inflation otherwise we are headed to the gallows in the coming months


can i also add that CBK debased the currency to spur growth..the same CB charged with defendin the value of our currency
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hisah
#14 Posted : Tuesday, May 31, 2011 2:43:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Kizee1 - the most annoying part is the ksh debasement in an inflationary environment... Grrrr...Brick wall Eh?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, May 31, 2011 2:44 PM | Reason: Not specified
Cde Monomotapa
#15 Posted : Tuesday, May 31, 2011 5:02:29 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Don't worry...inflation will ease in H2.
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invest0r
#16 Posted : Wednesday, June 01, 2011 10:32:08 AM
Rank: Member

Joined: 12/15/2010
Posts: 162
CBK yesterday increased the Central Bank Rate by 25bps to 6.25% and Cash Reserve Ratio by 25bps to 4.75% in a move expected to 'tame the inflation rate and stabilise the exchange rate'. The CRR increase is expected to mope circa KES 3.2Billion from circulation.

http://in2eastafrica.net...rate-to-tame-inflation/

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