End of 18pc returns for investors as CBK rejects Sh37bn bids

The Central Bank of Kenya in Nairobi.

The Central Bank of Kenya in Nairobi. PHOTO | FILE | NMG

Photo credit: File | Nation Media Group

The Central Bank of Kenya (CBK) turned down Sh37.1 billion worth of investor bids in this week’s Treasury bond auction, sending its firmest signal to the market that it intends to bring down interest rates from highs of up to 18 percent.

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