Economics
Kenya Central Bank Head Doesn’t Agree With IMF on the Shilling
- IMF made mistakes in its calculation, Governor Njoroge says
- Drought would shave 1 percentage point off GDP growth
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Kenya’s central bank sees the shilling as fairly valued, unlike the International Monetary Fund, Governor Patrick Njoroge said.
The central bank doesn’t “agree with the IMF’s assessment” that the shilling is about 17.5 percent overvalued, Njoroge said Tuesday in an interview with Bloomberg Television. “We believe that there were mistakes in their calculation.”