CBK Interest Rates
January 24th, 2012 | 
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The banking sector was today still weighing the full impact of yesterday’s decision by the central bank to raise its benchmark lending rate t0 7%. The central bank’s monetary policy committee raised the CBK rate by 75basis points from 6.25% taking by surprise the banking sector which has come to be accustomed to a modest adjustment of 25basis points either way. CBK also recommended the sourcing of additional funding through a sovereign debt and emergency funds from the international monetary fund-IMF to boost foreign exchange reserves and stabilize a wobbling shilling. But as Henry Githaiga reports the new measures are likely to raise lending rates and contain private sector lending while increasing the government’s debt burden. To further compound the situation 91 day Treasury bill rate has gone up to 11.69% which could further drive up interest rates.
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- An excellent credit card for rebuilding credit, reports to 3 major credit bureaus.
i take back my comment at one time calling ndungu a maverick.uyu mtu hajui cha kufanya. when kenyas inflation was 9% the guy kept on pumping worthless kshs in the mkt. u adjust these rates now too fast its going to be disastrous to the economy, even so, sio ati kila wakati kuna kesi kama hii the only thng you resort to is the lending rate.come on!
How is an investor expected to borrow at those rates?
India now jumps in trading Gold for oil with Iran!! Bypassing US dollar!!
@thaboomer53 I bought one from Apmex, beautiful coin.
any opinions on the 5 oz fiji taku being more collectable than the 1 oz version? would it have more of a premium than the 1 oz version?
always informative, thanks for your effort.
So, no matter what the chart. it could go either way? For sure. Thank you!
I can’t see the ebay bids on coinflation for dimes. Checking quarters. Good Vid.
I’m thinking that the collapse of one of the Euro-Countries will give a pop-up to the dollar, the last time ever, for a brief period as people flee the euro. The pop-up would drive down precious metals dramatically. I’m looking for a relatively brief period of time, two or three months, where the dollar stays ultra-strong and metals stay repressed. At the end of that period the dollar will begin it’s collapse and metals will soar. I’m hoping end of June because I’m out of powder til then.
Richard Nixon mask, would be my vote.
The Fed is fighting the deflationary collapse of M3. M3 moneysupply is created by the fractional reserve lending system.
And this is collapsing because of high oil price.(be it peak oil or be it other reasons)
For people to borrow money (e.g by building a new house) into existence there has to be energy to be consumed to bring the blumbers to work.
No energy no credit and M3 collapses.
@1imtrying maybe he could do a video with the v for vendetta mask ? or a joker mask lol
Try selling the elephant back to APMEX for anything better than a standard eagle/maple! No QE on wed, down we go
I like the elephants too btw apmex has very few for sale but there’s some left
Great video
the elephant is my favorite coin, as well as the fiji taku.
John, Awsome illustrations with the movement of your graphs over time. The lines look like respirations, breathing in and out, then the lines take there last breath and now its dead.
@1imtrying why would he want to do that?
Thanks
Thanks for the yield curve piece. I never quite got them till today. Nice job.
Will you ever show your face?
Credit Rating Agencies = Spank You Because We don’t Like You. Worthless Bully Damage You for Life Paper Agencies….. (ha ha ha PAPER) Silver PWNDs Paper.
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Third!
BrotherJohnF Smashes Super Trolls !!!
First