Central bank governor Kamau Thugge says the ongoing war between the US, Israel, and Iran has not yet had a direct impact on Kenya’s banking sector. This, despite concerns about potential deposit flight and global financial instability. According to Governor Thugge, the country continues to enjoy sufficient forex reserves of over 5 months' worth of imports. He, however, warns that risks remain and could materialize if the conflict persists or escalates. Here is Jimmy Mbogoh with more from the bimonthly monetary policy committee.
