Central Bank Governor Kamau Thugge has hit hard at his predecessor Patrick Njoroge as a person who failed to forecast inflation and put the right remedies into place. He is clear that in his tenure as governor he will stabilize many factors in order to ensure that the right economic policies are put into context.
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Kamau Thugge is firm that his efforts to ensure that stability is achieved remains his biggest priority. He has predicted that his team have put up right policies in place to reduce inflation come September this year for he understands a lot of economics having worked at the Treasury.
Kamau Thugge has accused Patrick Njoroge of taking himself as an expert and an achiever yet the economy is in it’s worst due to imprudent decisions that he took. He is clear that his efforts will revolve around stabilization of the Kenyan shilling against the dollar so that inflation is arrested.
It’s a fact that since president William Ruto assumed office as president, Patrick Njoroge left the Kenyan shilling to lose it’s value. Whether this policies by the new governor will provide a ease to Kenyans, let’s wait and see.
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