The Market Perceptions Survey by the Central Bank of Kenya (CBK) has revealed that the Kenyan shilling is set to remain stable against the greenback for the next two months.
The survey highlighted two major reasons that would fuel the shilling's stability despite the various risks posed by the Donald Trump administration as well as global geopolitics.
Firstly, respondents expected support for the shilling to come from the adequate forex reserves, which serve as a buffer against any short-term shocks in the foreign exchange market. Additionally, low international fuel prices and inflows from diaspora remittances and agro-exports were expected to support the shilling.
This is despite a slow diaspora remittance in March.
