CBK GOVERNOR KAMAU THUGGE AWARDED 'A' GRADE

The Governor of the Central Bank of Kenya (CBK), Kamau Thugge, has been awarded an ‘A’ grade by the prestigious Global Finance magazine. In a statement on September 23, CBK stated that the ‘A’ grade is in recognition of the Governor’s leadership of the Central Bank of Kenya team in monetary policy and economic management.
The award will be presented at a ceremony in Washington, DC in October, on the sidelines of the IMF/ World Bank Annual Meetings. Commenting on the recognition, Governor Thugge highlighted the efforts and achievements of the Central Bank team over the past two years, noting the measures taken to stabilize the economy and strengthen monetary policy.
“This grade is a recognition of the hard work done by the team at the Central Bank of Kenya. In the past two years, we have had to take tough decisions in order to rein in inflation and manage the exchange rate. We are proud that these efforts have borne fruit. Over the past year, inflation has stayed below the target range, and the exchange rate has been stable against the major currencies,” he said.