Kenya shilling hits 10-month high after central bank meeting

Source: Xinhua| 2018-01-23 23:50:05|Editor: huaxia
Video PlayerClose

NAIROBI, Jan. 23 (Xinhua) -- The Kenyan shilling strengthened against the U.S. dollar on Tuesday, hitting a new high a day after the Central Bank of Kenya (CBK) met to set its benchmark rate.

CBK Monetary Policy Committee on Monday retained its key rate at 10 percent, noting inflation was under check at below 5 percent and the macro-environment was positive.

The shilling, which has been on an upward trajectory since the start of 2018, according to analysts, was waiting for direction from the decision.

And on Tuesday, the local unit gained to hit an average of 102.75 against the dollar, a 10-month high, from 102.85 in the previous session.

Commercial banks in the East African nation quoted the currency on Tuesday at between 102.60 and 102.80 up from 102.70 and 102.90.

The central bank, on the other hand, put the currency at 102.79 during the session up from 102.87 on Monday.

Currency traders attributed the surge to rise in inflows from foreign investors buying Treasury bonds worth 388 million dollars floated last week at the debt market.

Against the British pound, the shilling weakened on Tuesday to trade at 142.84 down from 142.69 on Monday. The shilling is expected to rise further this week as inflows surge. Enditem

KEY WORDS:
YOU MAY LIKE
EXPLORE XINHUANET
010020070750000000000000011100001369190011
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
在线a免费v网站 | 日韩精品另类图区中文字幕 | 天天噜啦在线播放 | 日韩高清在线亚洲专区vr | 日本乱中文字幕系列在线看 | 亚洲永久在线观看 |