100 Up! – The Monetary Policy Committee (MPC) of the CBK met yesterday in a meeting that fell between the bi-monthly timetable that has been in place. The MPC concluded there was scope for further tightening of the monetary policy to anchor inflation expectations. To this end, the Central Bank Rate (CBR) was moved up by 100bps to 10.50%. Attached is the MPC Statement with all the required information. Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
Below are the two-way quotes for the benchmark tenors, two-way quotes for the infrastructure bonds and the key rates:
Attached are the bond positions available today and MPC Press Release Statement.