Rate on 91-day T-bill dips below 15pc for the first time in 12 months

The Central Bank Governor Dr Kamau Thugge.

Photo credit: File | Nation Media Group

The return on the 91-day Treasury bill fell below 15 percent for the first time in 12 months as interest rates continued to fall in the domestic market.

Yields on the shortest-dated government paper fell to 14.99 percent from 15.6855 percent in the same week that saw the Central Bank of Kenya (CBK) deliver its largest interest rate cut since the pandemic.

PAYE Tax Calculator

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