MONEY MARKET STATISTICS
Interbank lending volumes edged lower to KES 7.68bn from KES 11.90bn over the week, with activity holding steady throughout. The average interbank rate was largely unchanged at 9.61%, amid sustained liquidity absorption by the CBK. The table below summarizes market liquidity indicators:
Generally, Interbank market transactions have been subdued for an extended period, reflecting cautious liquidity management by banks as shown below:
The interbank rate has broadly tracked movements in the policy rate corridor, reflecting the Central Bank’s influence on short-term market rates. See the chart below;
