WEEKLY FIXED INCOME REPORT | 15 Dec 2025

Money Market Statistics

Interbank lending rose during the week, with the average traded volumes inching upwards by 8.9% w/w to KES 12.91bn, from KES 11.85bn in the prior week. The increase was mirrored in higher transaction counts (+47.1% w/w to 25), with some players resorting to the discount window (KES 41.1bn). The Kenya Shilling Overnight Interbank Average (KESONIA) trended lower to an average of 9.20% (-4.53bps w/w) as the market began pricing in the 25bps CBR rate cut on 9th December 2025. Find a summary below:

The weighted average interbank rate continues to closely track the Central Bank Rate, underscoring the stability and effectiveness of the monetary policy framework:

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