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Kenya’s shilling was slightly stronger against the US dollar on Wednesday, after a big interest rate hike by the central bank a day earlier.

At 1005 GMT, LSEG data showed the shilling trading at 153.15/35 per dollar, compared to 153.25/45 at the close of Tuesday’s session.

Kenyan shilling unchanged in quiet trade

The central bank linked its 2-percentage-point rate hike to efforts to stabilise the shilling, which has struck repeated record lows this year.

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razorwine Dec 07, 2023 11:58pm
Kenya shilling will be in problems in 2024 even more than 23. Overvalued for years and now becoming a real problem . Shame Kenyans will suffer and maybe better to keep those dollars euros and gbp as a investment. When you vote in elections on tribal reasons and not who has the better qualifications then kenya will start being a economy that grows not borrowing from imf or world bank to survive.
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