CBK to inject 8 billion shillings
05 August 2014, 16:09
Nairobi - Central Bank of Kenya (CBK) stepped into the market on Tuesday to inject 8 billion shillings ($91.27 million) after a liquidity squeeze sent overnight lending rates higher.
The weighted average interbank lending rate rose to 10.5181 percent on Monday from 10.1280 percent on Friday.
Market participants attributed the liquidity squeeze to delays in government spending.