The recent weakness of the Kenyan shilling is not, as some local media has alleged, the first sign of an impending balance of payments crisis. The shilling will probably continue to depreciate, but pressure should ease as the current account deficit narrows over the coming months. The shortfall is increasingly being covered by longer-term investments rather than less stable short-term flows.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services