MONEY MARKET STATISTICS
Interbank lending contracted during the week, with the average traded volumes inching 55.4% w/w lower to KES 7.1bn, from KES 15.91bn the prior week. In addition, the number of interbank deals reduced by 36.0% w/w. The Kenya Shilling Overnight Interbank Average (KESONIA) tapered by 23.04bps w/w to an average of 9.24% as market players continued to price in the recent 25bps CBR rate cut. Notably, no actor utilized the CBK borrowing window in the week.
Interbank rates continued to trade closely in line with the Central Bank Rate (CBR), as illustrated below:
