MONEY MARKET STATISTICS
Interbank lending volumes retreated to KES 6.20bn from KES 9.79bn over the week, in line with lower transaction activity. The average interbank rate eased to 9.45% from 9.53%, as monetary policy adjustments continue to transmit into the interbank market. 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:
With the updated corridor, interbank rates continue to hover closely around the CBR, as illustrated below;
