Daily Traded Volumes Averaged Ksh 33.70 Billion 5 Days Before Christmas

Liquidity strains prevailed with the average interbank rate jumping a further 115.93bp, to 12.24%, from 11.08%, the previous week, partially attributable to tax remittances that offset government payments.

However, daily traded volumes averaged KES 33.70bn, a 4.7% increase from KES 32.18bn the previous week.

The Central Bank continued to provide assistance to entities facing liquidity challenges by injecting KES 145.54bn through reverse repo purchases spanning 7-days and 8-days.

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The funds were supplied at an average rate of 14.67% – the average rate was the highest in twenty weeks.

Reflective of the tightened liquidity, Treasury bills remained undersubscribed but the overall subscription increased to 86.8%, from 72.3%, in the previous week.

The Central Bank received a total of KES 20.84bn in bids, against the KES 24.0bn target.

Subscription for the 91-day, 182-day and 364-day papers came in at to 415.9%, 22.9% and 19.2%, from 344.8%, 29.2%, 6.3%, respectively, in the previous week.

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