MONEY MARKET STATISTICS
Interbank lending eased during the week, with the average traded volumes falling by 12.6% w/w to KES 15.08bn, from KES 17.24bn the prior week. Furthermore, the number of interbank deals reduced by 3.2% w/w, pointing to lower activity in the interbank market. The Kenya Shilling Overnight Interbank Average (KESONIA) inched upwards by 3.92bps w/w to an average of 9.51%. Notably, liquidity tightened in the week, with some players resorting to the discount window (KES 4.2bn, up 7.4x w/w):
Interbank rates continued to trade closely in line with the Central Bank Rate (CBR), as illustrated below:
