News

The Central Bank of Kenya (CBK) sought to inject Kshs.16 billion into the markets through a reverse repurchasing programme.
The bank’s offer yesterday to inject liquidity into the market goes contrary into its recent tightening stance.
Traders have said the CBK may be seeking to help smaller lenders, who have found it difficult to borrow from larger counter parts after seizure of a second-tier bank last month.


The shilling was little changed, with traders expecting the currency to stay supported by the inflows from foreign investors buying into high-yielding government debt.
At 11.50 am, commercial banks quoted the shilling at 101.90/102.00 to the dollar, barely changed from Tuesday’s close of 101.95/102.05.

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