Kenya: Kenyan Shilling Remains Steady Against US Dollar, to Remain Firm Next Week

The Kenyan Shilling remained steady against the United States Dollar on Friday, days after the Central Bank cut its base lending rate by 75 basis points to 12.00 per cent.

As of Friday, October 11, the London Stock Exchange Group (LSEG) quoted the Kenyan Shilling trading at 128.50 against the US Dollar. 

According to analysts who spoke to Reuters, the local currency was expected to retain its levels for the next week. “It’s just been stuck around the same levels,” said a trader who spoke to…