MONEY MARKET STATISTICS
This week, the overnight interbank lending rate, now known as the Kenya Shilling Overnight Interbank Average (KESONIA), eased to an average of 9.46% from 9.54% the previous week. Interbank activity remained largely steady (+0.53% w/w), averaging KES 11.41bn against KES 11.35bn a week earlier. The slight increase was mirrored in a marginally higher transaction count (+5.0% w/w), with a handful of players resorting to the discount window, as shown below:
In the Open Market Operations, the Central Bank of Kenya continued to mop up liquidity to maintain the interbank rate within the set corridor.
Interbank rates continued to trade closely in line with the Central Bank Rate (CBR), as illustrated below:
