Money Markets
CBK bets on low cost of funds for bond success
Central Bank of Kenya governor Prof Njuguna Ndung'u. Photo/FILE
By GEOFFREY IRUNGU
(email the author)
Posted Wednesday, August 18 2010 at 00:00
Posted Wednesday, August 18 2010 at 00:00
In May, accumulation of government cash at CBK stood at a massive Sh175 billion, exerting pressure on institutions that were being forced to borrow from both the interbank market and at the overnight window at 6.75 per cent.
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