MONEY MARKET STATISTICS
Interbank lending volumes edged lower to KES 11.90bn from KES 13.03bn over the week, with activity holding steady throughout. The average interbank rate was largely unchanged at 9.62%, amid sustained liquidity absorption by the CBK. The table below summarizes market liquidity indicators:
On a month-on-month basis, average traded volumes dropped by 21.3% to KES 10.52bn, from KES 13.37bn while the average interbank lending rate remained stable at 9.6%. The month of August has kicked off on high note but we wait and see if this trend holds. See the chart below:
