MONEY MARKET STATISTICS
Interbank lending volumes rose to KES 9.79bn from KES 7.68bn over the week, supported by higher transaction activity. In contrast, the average interbank rate eased to 9.53% from 9.61%, mirroring the impact of recent monetary policy actions. The table below summarizes market liquidity indicators:
Overall, activity in the interbank market remains subdued, with greater focus shifting towards Open Market Operations (OMO). The chart below illustrates the trends in volumes and rates:
This week, the interbank corridor narrowed further after the reduction of the Central Bank Rate (CBR), now standing at 8.75%–10.25%. However, interbank rates continue to hover closely around the CBR, as illustrated below;
