Inflation is up ..driven by oil and food (imports ) . Unreliable weather means this could continue . CBK is bound to intervene though as each successive level creates a new inflation level if they dont fuel prices will go crazy and so will wheat ,and other import foods . This is probably short term ( A correction ). Remmeber you budget has a large borrowing component also . ( 1.1 T with most borrowed ) On Mon, Jun 13, 2011 at 4:26 PM, Kevin Ouma <kevin.ouma@gmail.com> wrote:
Skunks
I have been watching the trends of the Kenya shilling and its now beginning to worry me now. As of today its at 88 shillings ( which means you will buy it at 90 shillings at the forex bureau) and not relenting in the trend.
What alarmed me most was when a forex dealer gave me a heads up that its likely to hit the 100 mark in a few weeks.
Is there a problem in the economy that we are not aware of. I was reading a global report indicating that it is one of the worst performing currencies to the dollar this year.
How does that affect IT professionals - from cost of bandwidth, to computer equipment to ipads, cellphones, routers name it it will affect us at some point.
Any economists in this forum ?
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