wazua Fri, Mar 20, 2026
Welcome Guest Search | Active Topics | Log In

12 Pages«<56789>»
MPC in Kenya HIKES CBK Rate BY 400BP to 11%
Options
Previous Topic · Next Topic
hisah
#61 Posted : Saturday, October 08, 2011 8:17:38 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This thread is hot smile

CBK's mandate is to make sure inflation is in check and also ensure prices stability. This they have failed with flying colors. Does cbk publish the M3 stats? That graph since 2009 would show a spike due to those stimulus of 2009/10. @scubidu mentioned about this money supply with concern last year and now the effects come home to roost. In Feb when Jan inflation spiked, I questioned why is CBR being lowered... Then NSE was around 4500pts.

Treasury ministry - a lot of policies need to be upgraded here. They need to work together with the trade ministry. This will have a better larger & longterm impact on fixing the economy.

If one gets that CBK M3 chart, post it here esp the 5yr chart.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
kizee1
#62 Posted : Saturday, October 08, 2011 10:21:12 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
FundamentAli wrote:
kizee1 wrote:
FundamentAli wrote:
The following article appearing in the Daily Nation talks of everything that has gone wrong to get us to this point

http://www.nation.co.ke/Feature...12/-/bg08b4/-/index.html



why isnt cbk mentioned in the list of culprits? infact as culprit number one, the other culprits are mere small fish, the big cheese is the cbk


Policy failure. CBK is not in charge of the production and trade process. Ministries are




cbk debased the kes by printing money, if u are not aware our m3 to gdp ratio is at 52.3%, the fcy reserve purchase done by cbk since 2009 created KES 112bn, 50 percent of all GoK securities tenders were subsidized over that period!...the only institution in any economy that can create inflation is the CB! if there were not as many kes's floating about we would never have been here!

we have had no meaningful growth since 2008, infact in september cbk did a reverse repo to allow banks raise cash to enable them raise funds to remit corporate taxes for their custys! HOW LUDICROUS IS THAT?

we have had the same policy failures ever since i can remember so there is nothing new in that article
Back to top
  |
Intelligentsia
#63 Posted : Saturday, October 08, 2011 2:57:59 PM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
Mainat wrote:
Weakening $/Ksh rate-this is being driven by widening -ve Balance of Payments gap as we are importing lots more and exporting not as much and hot money. Both can not be changed by CBR.
Our investment banks are only that in name only. Wengi wao wanatafuta kazi ya journalism.


Surely availability and affordability of bank import financing (rem. rates and availability influenced by CBR) would boost purchase of imports? d'oh!
Back to top
  |
'user'
#64 Posted : Saturday, October 08, 2011 3:46:34 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
this thread contains alot of notes for economics students including professor ndungu
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
  |
kaifastus
#65 Posted : Saturday, October 08, 2011 8:04:58 PM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
hisah wrote:
This thread is hot smile

CBK's mandate is to make sure inflation is in check and also ensure prices stability. This they have failed with flying colors. Does cbk publish the M3 stats? That graph since 2009 would show a spike due to those stimulus of 2009/10. @scubidu mentioned about this money supply with concern last year and now the effects come home to roost. In Feb when Jan inflation spiked, I questioned why is CBR being lowered... Then NSE was around 4500pts.

Treasury ministry - a lot of policies need to be upgraded here. They need to work together with the trade ministry. This will have a better larger & longterm impact on fixing the economy.

If one gets that CBK M3 chart, post it here esp the 5yr chart.



Hisa check knbs website economic indicators trends..
Back to top
  |
Cde Monomotapa
#66 Posted : Saturday, October 08, 2011 9:55:22 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Now CBK has been advised against direct selling USDs to oil-importers and to await IMF BoP support. Nkt! We are back at the mercy of our banksters Sad
Back to top
  | | Edit by user: Saturday, October 08, 2011 10:15 PM | Reason: Not specified
QW25081985
#67 Posted : Saturday, October 08, 2011 10:09:46 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
'user' wrote:
this thread contains alot of notes for economics students including professor ndungu


am sure there's one or two college kids here looking for material for their econ assignment !!!!!!!!!! Laughing out loudly.
Back to top
  |
'user'
#68 Posted : Saturday, October 08, 2011 10:10:35 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
I thought we told the colonialists to keep their money. that we finance 93% of our budget from Within.that denying us donor support is like 'ra**ng a woman who is willing'
was it just a lie.
so edward clay was right.now we are at their door steps with begging bowl vommiting on their shoes.
are we still paying the anglo leasing loan even after our currency has become worthiless.how about scotfree pastor patni.

WE NEED A SATA HERE TO CLEAN UP OUR CORRUPT PUBLIC OFFICERS and get our lost dollars stashed out there.there is too much leakages out of the ecocomy
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: Saturday, October 08, 2011 10:28 PM | Reason: Not specified
Cde Monomotapa
#69 Posted : Saturday, October 08, 2011 10:19:48 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I think Prof. Ndung'u should rely on his legal security of tenure & go ahead with direct selling to oil importers and see how that pans out. Screw politicizing Kenyan livelihoods!!
Back to top
  |
Cde Monomotapa
#70 Posted : Saturday, October 08, 2011 10:28:04 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
I think Prof. Ndung'u should rely on his legal security of tenure & go ahead with direct selling to oil importers and see how that pans out. Screw politicizing Kenyan livelihoods!!

Combo it with that IMF BoP support for extra ammo incase the banksters try to pull a fast one.
Back to top
  |
12 Pages«<56789>»
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.