Kenya: CBK Releases New Outlook for Kenyan Shilling Against U.S. Dollar

The Central Bank of Kenya (CBK) says the shilling will hold steady against the U.S. dollar, pointing to a USD619 million, approximately Ksh80 billion balance of payments surplus and strong reserves as proof the country can weather current global shocks.

CBK Governor Dr Kamau Thugge made the assurance while addressing concerns about external economic pressure, particularly uncertainty stemming from U.S. trade policies that have unsettled currencies across emerging markets worldwide.

Thugge…