The Kenyan shilling's relative stability has given the Central Bank of Kenya room to navigate monetary policy with a steadier hand, anchoring a recovery.
The Kenyan shilling's relative stability has given the Central Bank of Kenya room to navigate monetary policy with a steadier hand, anchoring a recovery that has buoyed investor sentiment in Nairobi.
Currency stability has, in turn, eased imported inflation — a quiet but consequential shift for an import-dependent economy.
The shilling's calm has done more for the real economy than any single policy announcement.
When the currency stops being the story, the economy can finally become it.
Thabo Nkosi reports on African markets, monetary policy and continental trade.
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