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Ksh at its weakest since it floated in 1994
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Mainat
#161 Posted : Wednesday, September 14, 2011 10:44:46 AM
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Joined: 11/21/2006
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Due to confusion at CBK, our economy has not yet adopted CBR. Currently its use is limited to being a signalling tool for lending purposes. As such, I'd be more comfortable with a 50-100bps rise.

Btw, just because I critically analyse issues (i.e. pt out weaknesses but suggest common sense solutions) doesn't mean I don't think Kenya has a strong investment case. Au contraire, it does but we really must get our act together and do common sense far more often than the ushamba ways we favor now. -Justsaying-
Sehemu ndio nyumba
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the deal
#162 Posted : Wednesday, September 14, 2011 10:45:44 AM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
@Cde is just a politician putting rhetoric posts here and there nothing substantial...i invest in Africa...Kenya is on a wrong path as far as monetary policy is concerned...what we are calling for is change in the way things are done...our goal is to see KE a developed country not depend on aid forever!
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Sufficiently Philanga....thropic
#163 Posted : Wednesday, September 14, 2011 10:52:01 AM
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Joined: 9/23/2010
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@cde is our Brand Kenya CEO!!!
@SufficientlyP
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Cde Monomotapa
#164 Posted : Wednesday, September 14, 2011 10:54:49 AM
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Joined: 1/13/2011
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the deal wrote:
@Cde is just a politician putting rhetoric posts here and there nothing substantial...i invest in Africa...Kenya is on a wrong path as far as monetary policy is concerned...what we are calling for is change in the way things are done...our goal is to see KE a developed country not depend on aid forever!

Hahaha. I'm the truth bwoy and u know that deep in ur heart.
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Cde Monomotapa
#165 Posted : Wednesday, September 14, 2011 10:59:12 AM
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@deal all the best with Namibia copy-pasting Zim's empowerment laws & Land reforms. About time U dropped being Coconuts working & living "happily" in a White owned but Black run Namibia. All the best Comrades Laughing out loudly Laughing out loudly
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FUNKY
#166 Posted : Wednesday, September 14, 2011 11:02:38 AM
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hisah
#167 Posted : Wednesday, September 14, 2011 11:11:12 AM
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Joined: 8/4/2010
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And I hope in today's MPC meeting they come up with substantial medium term objectives. Not just measures for a week or two. This patchy work is not suitable to anyone...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#168 Posted : Wednesday, September 14, 2011 11:15:11 AM
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Sufficiently Philanga....thropic wrote:
@cde is our Brand Kenya CEO!!!

Gracias smile
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the deal
#169 Posted : Wednesday, September 14, 2011 11:21:21 AM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
@deal all the best with Namibia copy-pasting Zim's empowerment laws & Land reforms. About time U dropped being Coconuts working & living "happily" in a White owned but Black run Namibia. All the best Comrades Laughing out loudly Laughing out loudly

Namibians are happy people we believe in hard work not 'hand outs' like our Zim brothers...Nam is a success story man...but challenges remain...the Governor of the Central bank is in his 30's...so next time I meet him in a supermarket I will tell him what needs to be done to create jobs and diversify the economy smile
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Cde Monomotapa
#170 Posted : Wednesday, September 14, 2011 11:40:38 AM
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No problem at all. U can always host Zanu-PF $ ANC to another empowerment & land-reform Indaba. Please remember those 51% empowerment stakes in Zim are for PURCHASE & not free as ur Western media mis-informs. Thank you.
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Mainat
#171 Posted : Wednesday, September 14, 2011 5:48:48 PM
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Joined: 11/21/2006
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CBK announces 75bps rise. Will definitely help reduce pressure on KES. For now.
Sehemu ndio nyumba
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the deal
#172 Posted : Wednesday, September 14, 2011 5:50:38 PM
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@mainat 7% is good indeed.
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Cde Monomotapa
#173 Posted : Wednesday, September 14, 2011 5:56:39 PM
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hisah
#174 Posted : Wednesday, September 14, 2011 6:57:37 PM
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At least some solid rate hike. But strangely the USDKES cross still wants to reclaim the 95/- handle. What is the rush of floating a sovereign bond. And I hope it not a eurobond. Not at this time!

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#175 Posted : Wednesday, September 14, 2011 9:09:24 PM
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im sori guy a 75 bp wud have sufficed 4 months ago, no hike wud have saved the kes, heck onite rates hit 30pct and the kes only rallied to the 92 level...guess they can continue to cling on to their sweet reserves while rome burns
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kizee1
#176 Posted : Wednesday, September 14, 2011 9:11:48 PM
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Mainat wrote:
CBK announces 75bps rise. Will definitely help reduce pressure on KES. For now.

really? kes looses a cool 50cents after the announcement
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Mainat
#177 Posted : Wednesday, September 14, 2011 10:44:25 PM
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Kizee1-If you recall, I said we'd get to Ksh100 if CBK knitted jumpers rather than increasing CBR. My pt here is that the pressure for Ksh100 is off. For now. The EU situation is also at play and whilst that remains unresolved, things will be dicey.
Sehemu ndio nyumba
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kizee1
#178 Posted : Thursday, September 15, 2011 9:35:40 AM
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Mainat wrote:
Kizee1-If you recall, I said we'd get to Ksh100 if CBK knitted jumpers rather than increasing CBR. My pt here is that the pressure for Ksh100 is off. For now. The EU situation is also at play and whilst that remains unresolved, things will be dicey.



the pressure is bak on mate, kes today traded at 95.85! another all time low, a move to 100 could occur even this week, offcourse CBK may support the unit but selling loose change as an intervention helps nothing

i say again the kes weakness is structural, the growing current account deficit needs to be resolved, short term measures such as hiking rates will not help at this time, selling reserves is a good short term measure while the structural problems causing the deficit to grow are resolved
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Mainat
#179 Posted : Thursday, September 15, 2011 9:50:52 AM
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Kizee1-yes it does look like market had already discounted 7% and requires a higher rise.
The BoP status can't been changed overnight
Sehemu ndio nyumba
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kizee1
#180 Posted : Thursday, September 15, 2011 10:03:01 AM
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Mainat wrote:
Kizee1-yes it does look like market had already discounted 7% and requires a higher rise.
The BoP status can't been changed overnight

agreed on the bop but in the interim some short term measures are available
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