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How high will interest rates go?

CBK Governor Kamau Thugge. [Boniface Okendo, Standard]

It was least expected that the Central Bank of Kenya (CBK) would hike the interest again in two months. But they did.

CBK Governor Kamau Thugge added a twist to it - he said the shilling has gone beyond its equilibrium rate. Fascinating because the equilibrium exchange rate is unknown.

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