Economy

Inside Kamau Thugge’s big policy gamble to stop shilling slide

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Central Bank Governor Kamau Thugge before the Senate Committee on Finance and Budget at the County Hall, Nairobi on December 4, 2023. PHOTO | DENNIS ONSONGO | NMG

Central Bank of Kenya (CBK) governor Kamau Thugge on Tuesday took his biggest monetary policy gamble yet with the country’s largest rate increase since 2011, betting on the move to cushion the shilling and keep a lid on inflation.

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