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CBK boss says his predecessor got it wrong on inflation surge

Central Bank of Kenya Governor Dr Kamau Thugge (right) and his predecessor Dr Patrick Njoroge. [Boniface Okendo, Standard]

The newly appointed Central Bank of Kenya (CBK) Dr Governor Kamau Thugge has revealed the banking regulator under his predecessor Dr Patrick Njoroge missed worrying and critical signs the surging inflation was not transitory.

In an apparent dig at Dr Njoroge, Dr Thugge said the regulator did not correctly forecast the high, persistent inflation.

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