MONEY MARKET STATISTICS
Interbank lending surged during the week, with the average traded volumes rising by 118.0% to KES 17.24bn, from KES 7.9bn the prior week. This is mirrored by a 121.4% increase in the transaction count, pointing to increased activity in the interbank market. The Kenya Shilling Overnight Interbank Average (KESONIA) inched upwards by 1.23bps w/w to 9.467%. Notably, players’ liquidity appears to have tightened in the week, with some players resorting to the discount window (KES 500m):
See the chart below;
Interbank rates continued to trade closely in line with the Central Bank Rate (CBR), as illustrated below:
