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Global market economists see mild pressure on shilling in 2025
The shilling has hovered around 129 levels against the greenback, but some pressure could start creeping in next year as risk-averse investors look to move investments to dollar-denominated assets.
Research analysts at leading global banks, consultancies and think-tanks see the shilling weakening modestly against the US dollar next year on mounting investor jitters after collapse of Finance Bill 2024.
The Kenyan currency has remained steady for large parts of this year largely on increased dollar inflows from Kenyans living abroad, export earnings, and foreign loans from institutions such as the World Bank Group.
