Banks cash reserves above CBK limits rise to Sh41.3bn

Cash reserves held by commercial banks above the statutory requirement hit a fresh high of Sh41.3 billion, pointing to increased liquidity after lowering of threshold by a percentage point three weeks ago.

Banks are now required to maintain a daily average of 4.25 percent of their total deposits in their accounts with the Central Bank of Kenya (CBK) for a month.

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Note: The results are not exact but very close to the actual.