Interbank rates fall further as big financiers borrow cheaply
1 weeks ago, 15:50
The interbank rate eased further this week, hitting 4.97 per cent on Thursday on the back of increased borrowing by the larger financiers, forcing rates to come down further. This was about the same level as at the end of last week. Latest Central Bank of Kenya (CBK) data shows that the weighted average rate at which banks borrow from each other on emergency basis stood at 4.95 per cent at the close of business last Wednesday (February 28), down from 5.4 per cent between Mid-February and Februar ...
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