Genghis Capital - MPC Outlook Note - September 2018

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Genghis Capital

Patrick Mumu

MPC Outlook Note - September 2018

The Monetary Policy Committee (MPC) is set to meet on Tuesday 25^th September 2018 to determine the course of the key policy rate, the Central Bank Rate (CBR). The committee last met on July 30^th 2018 and cut the CBR by 50bps to 9.0%, citing room for more accommodative monetary policy, on the back of a stable macroeconomic environment. Further, private sector credit growth (PSCG) improved to 4.3% in June, following a similar 50bps cut on the CBR in the March meeting. We expect the MPC to maintain the CBR at 9.0% in the coming meeting as it takes a wait-and-see approach. This comes as inflation is expected to tick up moderately with the enactment of the Finance Bill 2018 and uncertainty on the currency persists despite its resilience.

24/09/2018 3 EN

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Genghis Capital

Genghis Capital is an innovative and customer focused Investment Bank licensed by the Capital Markets Authority (CMA). Founded in 2008, Genghis is one of the leading investment banks in Kenya. Since its establishment, Genghis has achieved tremendous growth to offer a well-diversified portfolio of financial services that includes:

i. Securities(Equity/Debt) Trading
ii. Research
iii. Wealth Management services
iv. Investment Advisory & Management via the GenCap Unit Trusts
v. Corporate Finance & Transaction Advisory services

The Kenyan Capital Markets continue to develop in size, scope and sophistication. With this is an increasing demand for more specialized and personalized brokerage service and we at Genghis Capital are glad to be able to offer you this service. Our strength lies in ensuring our clients are up to speed with developments at the stock market and the economy. Research and technology remains our competitive and comparative advantage hence Experience, Expertise and Professionalism are some of the qualities you can expect from our team.

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Analysts

Patrick Mumu

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MPC Outlook Note - September 2018

Genghis Cross-Asset Weekly Strategy - 8th February 2021

East African Breweries Ltd (NSE: EABL) 1H21 Earnings Note

KenGen Company Plc (NSE: KEGN) FY20 Earnings Note

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