The Central Bank of Kenya (CBK) has resisted pressure from investors to pay a rate of 17 percent on Treasury bills, helped by the reduced need for aggressive borrowing after the government raked in Sh275 billion from bond sales since February.
Investors have over the last two weekly auctions sought to be paid an average of 17.01 percent on the 364-day Treasury bill, but the CBK has kept the average rate of accepted bids at 16.98 percent.
