NAIROBI (Reuters) - High interest rates in the money market and subdued dollar demand ahead of the festive season are expected to continue supporting the shilling, which was barely changed against the greenback in early trading on Wednesday, traders said. The shilling, which is down more than 3.5 percent this year, has bounced off a record low of 107 hit on October 11 after the central bank tightened monetary policy to combat inflation and exchange rate volatility. ...
No comments:
Post a Comment