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Cash pile lifts T-bill bids above Sh100bn for first time
Banks have been left awash with cash and near-cash instruments and ended 2025 with a liquidity ratio of 59.3 percent, sitting well above the minimum statutory ratio of 20 percent.
Investors’ demand for Treasury bills reached a record high last week after bids in the weekly auction exceeded the Sh100 billion mark for the first time, reflecting the surplus liquidity in the money markets.
The auction registered a subscription rate of 418.4 percent from the Sh100.4 billion in bids, pointing to a growing cash pile in the economy even as businesses and households struggle to access loans from commercial banks.
