CBK looks to absorb 6 billion shillings
16 June 2014, 14:55
Nairobi - The Central Bank of Kenya (CBK) sought to absorb 6 billion shillings ($68.34 million) from the market on Monday after short-term lending rates dropped further.
The average overnight lending rate on the interbank market slipped to 3.1773 percent on Friday from 3.4804 percent the previous day. The rate crashed from just over 5 percent in the middle of last week.