MONEY MARKET ANALYSIS
Interbank lending plummeted to KES 4.47bn from KES 17.48bn, mirroring a halving in transaction count over the week. Meanwhile, the average interbank rate held steady at 9.70%, signalling calm after the pricing in of the recent rate cut. The table below summarizes the market liquidity indicators:
On a month-on-month basis, average monthly traded volumes appear to have picked up momentum in June, although market activity remains highly volatile. See the chart below:
Interbank rates remain well anchored within the corridor. See the chart below;
