The shilling was quoted at Ksh.103.85 as at close of business yesterday with the unit having traded at a Ksh.103.55 average across the day to register a low seen last in mid-October 2019.
Concerns over a global recession in 2020 owing in part to the ongoing outbreak of the covid-2019 has seen the downward revision of global output as global supply chains face an unprecedented disruption.
The Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) is expected to meet on Monday to readjust economic growth setting metrics to guide the potential recovery of output amidst the partial shutdown to activity.
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