Focus on CBK as shilling continues to slide against dollar

The Central Bank of Kenya (CBK) was Tuesday thrust into the limelight as the shilling continued its slide against the US dollar, touching 104 units to the greenback as turbulent trading that began last week persisted.

The market is particularly waiting to see how far the CBK is willing to go in support of the shilling after last week’s response in which it attempted to stabilise the currency through market operations.