some idiots calling for a hike, but what good would that do?the problem is cbks activity to support the dollar when it flirted with the 82.5 line in the sand, now the chicken have come home to roost

Will KE benefit from this oil nosedive at the pump stations? The price plunge is huge and definitely the oil marketers will not reduce prices accordingly. A reduction of at least 8/- should be fair. But ERC might just come for my neck for price manipulation

Such a reduction and no power tariff hike would force inflation below 10%. But with USDKES moving in the opposite direction I wonder if CBK will have the balls to slash CBR down to 10% in coming months with weakening Ksh. Tough call here for treasury...

Rest assured Counties devt.will create fertile absorption ground for the next round of Monetary easing. HOLD & or Accumulate banks

USDKES was on course to test 88 today. Then a huge anvil was dropped on it and fell it to 85.35. Definitely CBK is in the market selling dollars with a bang!

Finally let the game begin, we are back to Aug 2011 and I expect this thing to fly past 88 then 95 then 100. By the time it tests 107 a lot of protests will be the order of the day... Last year I called the USDKES to hit 90 and it flew past 100! This time it won't be funny and globally CBs are struggling to stem the USD tide. On the monthly dollar index, the technicals are getting stronger pointing to a huge USD squeeze coming soon. The USD demand can only be crashed by the FED, that is if they decide to flood another USD tsunami like back in 2009.

Get ready for the USD squeeze.


http://www.shareimages.c...lpymlp6SmqI-usdkes05.png

This is absolute bullcrap from the KE Fin Min. Come on you can do better than this when KE is facing a worsening BoP by the day! Idiot!