Shilling to come under pressure as the year ends

The shilling has been shedding its value. FILE PHOTO | NMG

The shilling is expected to continue losing ground against the dollar by the end of the year according to economists at Commercial Bank of Africa (CBA).

The latest update by the lender’s researchers says the shilling will continue to depreciate to cap the close of the year at Sh103 but the Central Bank of Kenya (CBK) is expected to step in and slow the fall.

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