Below is a comparison of the performance of the Kenya Shilling over the last two trading days; Thursday 31^st May and Monday 4^th June 2012:

As we can observe, the Kenya Shilling strengthened against the US Dollar, the Euro, the Sterling Pound and the SA Rand. This positive performance is contrary to the declining we have observed since the beginning of May.

Today the Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) is set to meet and decide on the level of the Central Bank Rate (CBR). The CBR is the cost at which commercial banks borrow from the CBK. It is suspected that the CBK will further maintain the CBR at 18% to stabilise the Kenya Shilling – US Dollar exchange rate.