×
App Icon
The Standard e-Paper
Smart Minds Choose Us
★★★★ - on Play Store
Download App

Kenyan shilling gains on tight liquidity, focus on MPC

NAIROBI, KENYA: The Kenyan shilling firmed on Wednesday, helped by a liquidity squeeze that has led to rising overnight lending rates, but trade was cautious hours ahead of central bank's interest rates decision.

At 0756 GMT, commercial banks quoted the shilling at 100.95/101.15 to the dollar compared with Tuesday's close of 101.10/20.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in