The PBOC, the BOE and now the ECB all cut, and still futures are tumbling. This latest news however will certainly send futures soaring:
- KENYA CENTRAL BANK CUTS BENCHMARK RATE TO 16.5% FROM 18%
- KENYA INFLATION HAS FALLEN TOWARD SHORT-TERM 9% TARGET
However, the market response so far is remarkably tepid. Hopefully the one bank we are all waiting for: the Bank of Uganda [3], will follow suit and show everyone who's boss.