Tight Liquidity in the Market Pushes Interbank Rate Upwards
Trading in the secondary market remained subdued during Friday’s trading session due to shorter trading hours and tight liquidity In the money market. Bond turnover stood at KES 9.50 million from KES 25.20 million the previous day.
Acute tight liquidity in the money market pushed the interbank rate upwards as it rose to 16.96% whilst volumes traded remained robust. Meanwhile the USDKES exchange rate held relatively steady at 100.73 garnering support from dollar inflows.
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