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Citi tips shilling to hold ground against dollar
Citi Bank chief economist for Africa David Cowan makes a presentation titled: “Steady sailing for the economy in 2019. So what can go wrong in Kenya?” at the Villa Rosa Kempinski on March 5, 2019. PHOTO | DIANA NGILA
The shilling is unlikely to weaken significantly against the greenback this year due to support from regional investment inflows and a proactive CBK stance in ironing out volatility, a top economist at global lender Citi has said.
The domestic currency has so far bucked the depreciation trend of African currencies against the dollar, strengthening to a 10-month high of 100.03 to the greenback.
