The Governments policy is to reduce the wage bill to free resources for development purposes.
More Quotes from Joseph Kinyua:
We (at Treasury) and the Central Bank are concerned about the strengthening shilling and are holding regular meeting, but an intervention would create speculative tendencies that may prove even more difficult to contain.Joseph Kinyua
This will ensure fairness since the two envisaged regulators have no conflict of interest in the industry.
Joseph Kinyua
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