NAIROBI (Xinhua) --
A balanced liquidity in the Kenyan money
market saw trading among financial institutions go flat
traded averaged 149 million U.S. dollars compared with
144 million dollars in the previous week.
interbank money market activity during the week remained
at the levels witnessed the previous week, partly
reflecting the balanced liquidity in the market,” said
the Central Bank of Kenya on Saturday.
average number of deals increased from 21 in the week to
24. The leveled liquidity saw the interbank rate decline
during the week as less banks borrowed.
liquidity always pushes banks to borrow more from each
other, especially the small ones, pushing up the
weighted average interbank rate decreased to 3.18
percent from 4.66 percent in the previous week,” said
the Central Bank.