CBK now defends move to shield shilling against market volatility

The Central Bank of Kenya has moved to defend its recent increased interventions in the money markets, citing a need for economic stability and a need to defend the shilling against volatility caused by the prevailing economic and political climate

Thursday March 7 2013

Business premises at Kisumu bus park and other parts of the town slowly stir back to life after a three-day closure during the General Election voting and ballot counting. The CBK has been accused of excessively mopping money from the economy as it moves to defend the shilling from weakening against the dollar. Photo/JACOB OWITI

Business premises at Kisumu bus park and other parts of the town slowly stir back to life after a three-day closure during the General Election voting and ballot counting. The CBK has been accused of excessively mopping money from the economy as it moves to defend the shilling from weakening against the dollar. Photo/JACOB OWITI NATION MEDIA GROUP

By GRIFFINS OMWENGA [email protected]
advertisement