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