Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Interbank market reforms boost Kenya dollar liquidity, says Absa
The CBK on August 9, 2023, introduced an interbank interest rate corridor anchored on the benchmark rate as part of efforts to ensure borrowers benefited from cuts in its indicative lending rate.
Easier access to the interbank market by the Central Bank of Kenya (CBK) has greatly helped stabilise the liquidity of foreign exchange in the local market and supported a stable exchange rate, as witnessed over the past 18 months, a top commercial bank official has said.
The Kenyan shilling has stabilised in the range of 128 to 129 units to the US dollar for more than 16 months now.
