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The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
NAIROBI: Central Bank Governor Patrick Njoroge has had a turbulent two months since he assumed his corner office on Nairobi’s Haile Selassie Avenue, with the local currency defying attempts to stop it losing ground against the dollar.
Since the beginning of July, the Central Bank of Kenya (CBK) has mopped up Sh284 billion in excess liquidity from the markets, setting the stage for a major liquidity crunch.
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