Bank
Bank

The Kenyan interbank rate hit a new low this week amid declined trading by commercial banks.

The rate declined to 3.59 percent from 4.10 percent the previous week, said the central bank in a brief on Saturday.

“The weighted average interbank rate decreased to 3.59 percent, an indication of improved liquidity in the market,” noted the apex bank.

Similarly, trading decreased during the week, reflecting relatively improved banks’ liquidity position.

“The volumes traded decreased to an average of 144 million U.S. dollars from 218 million dollars in the previous week while the number of deals decreased to an average of 24 from an average of 29,” said the CBK. Enditem

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