Tuesday, September
23, 2025 - Central Bank of Kenya (CBK) Governor, Kamau Thugge, has been
awarded an ‘A’ grade by Global Finance Magazine, placing him among the world’s
most distinguished central bankers.
The recognition, announced on Tuesday, September 23rd,
celebrates Thugge’s leadership in monetary policy, inflation control and
economic stability.
Global Finance grades Central Bank Governors annually on a
scale from “A+” to “F,” assessing performance in areas such as currency
stability, interest rate management, and political independence.
An “A” grade signifies excellence in navigating complex
economic challenges.
Thugge credited the achievement to the CBK team’s resilience
and strategic decision-making.
“This grade is a recognition of the hard work done by the
team at the Central Bank of Kenya.
“We’ve taken tough decisions to rein in inflation and
stabilize the exchange rate,” he said.
“Over the past year, inflation has remained within target,
and the Kenyan shilling has held steady against major currencies.
He also highlighted declining interest rates on treasury
bills and the Central Bank Rate, as well as the rollout of a revised Risk-Based
Credit Pricing Model aimed at enhancing transparency and strengthening monetary
policy transmission.
Thugge will receive the award in Washington DC, during the
IMF and World Bank annual meetings in October.
He joins a prestigious group that includes U.S Federal
Reserve Chair Jerome Powell and central bankers from Denmark, Vietnam,
Indonesia, Chile, and Morocco.
Earlier in May 2024, Thugge was named Central Bank Governor
of the Year by African Banker Magazine for his role in stabilizing Kenya’s
economy amid global financial turbulence.
The Kenyan DAILY POST
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