Patrick Njoroge on reshaping banking and finance to work for the masses

Patrick Njoroge

What is Kenya’s exchange rate policy? How much can and should monetary policy guard against exchange rate volatility?

There is an acceptance that exchange rate flexibility is an important mechanism that can act as a buffer against all the external shocks that we receive. And the adjustment property of flexible exchange rates has now been accepted in Africa and other emerging markets, too. It provides a mechanism that allows markets to adjust. But volatility is another issue that is often

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