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Lender: Kenya shilling’s slide is nothing to panic over

NAIROBI: Policymakers have the ability to temper the Kenya shilling exchange rate volatility and that the economy does not exhibit signs of overheating. This assurance was given yesterday by Phumelele Mbiyo, Regional Head, Macroeconomic Research at Standard Bank, South Africa.

The bank is represented in Kenya through its subsidiary CfC Stanbic Bank. This assurance was given during a round-table discussion on the current performance of the Kenya Shilling, held in Nairobi.

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