MONEY MARKET STATISTICS
Interbank lending surged to KES 23.04bn from KES 4.47bn, reflecting a similar rise in transaction volumes over the week. Meanwhile, the average interbank rate held largely steady, inching up slightly to 9.72%—a sign of market calm following the recent rate cut having been fully priced in. 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, reversing the brief trend that was observed in May. See the chart below:
Interbank rates remain well anchored within the corridor. See the chart below;
