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Pandemic loosens Central Bank of Kenya's grip on shilling

CBK Governor Patrick Njoroge

When the curtain falls on Central Bank of Kenya (CBK) Governor Patrick Njoroge’s second term some time in June 2023, many will remember him as the man who put the fear of God in lenders, and restored discipline in the financial sector.

Almost a year into his second four-year term, Dr Njoroge has succeeded in keeping the shilling stable, something his predecessor Njuguna Ndung’u was unable to do during his time at the helm of the lender of last resort.

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