Central Bank dismisses Ruto’s banking promises, says it won’t act on 'political expediencies'


President William Ruto’s promises to sections of his support base touching on financial services may suffer rejection, with the Central Bank of Kenya (CBK) refusing to be drawn into taking actions aimed at satisfying political interests.
CBK Governor Patrick Njoroge has said the regulator will continue to be guided by data and its existing policies, as opposed to “political expediencies”.

During his inauguration, President Ruto made rosy promises to Kenyans touching on operation of financial services in Kenya, including promising to review the law to increase the limit of heavy cash transactions handled by banks without a requirement for reporting from the current Sh1 million and relaxing the Credit Reference Bureau Framework (CRB) to allow more Kenyans access credit.

During an interview with Bloomberg on Wednesday, however, the CBK governor said the regulator’s operations cannot be changed by a political administration and that the regulator would continue implementing its policies.

hustler fund will remain to be a dream.

Hope he won’t sack the governor and replace him with a foolish duck billed platypus like @Kalenjin101

Serikali ni yetu buana:D:D The lion of Sugoi will choose whom he deems best!

I accept but nyinyi meno nje with your skewed looting genes ,ongea na kiongoss asifute the intellectual shiny eye governor otherwise mtafanya tukue Kama Zimbabwe , u know sir nyinyi ni Kama mnatumiaga meno kufikiria:D

Njoro is the biggest fuking scammer who’s been in gava in the last decade

Dude always comes out in the media looking like he’s fighting for the mwananchi (sidenote why does he always look like he’s just stopped crying?) and then the mofo turns around and does whatever Jayden wants

SI the Gvnr has Security of tenure ama?


Sijui but KK mps wanaweza toa yeye waweke a complaint one

Njoro is fine. Wasilete ushoga hapo.