CBK's Thugge sees light at end of tunnel amid loans shocker

Central Bank of Kenya Governor Kamau Thugge when he appeared before the Senate Finance and Budget Committee at Parliament on December 4, 2023. [Boniface Okendo, Standard]

The Central Bank of Kenya (CBK) yesterday maintained its recent developments regarding the stability of the shilling and its impact on the cost of living, suggesting an end to the economic crisis may be coming into view.

CBK Governor Kamau Thugge issued the bullish projection as the Kenya Kwanza administration made the latest radical attempt to rein in the runaway cost of living crisis by raising the cost of borrowing by a record high last seen 11 years ago.