Results & the MPC
The results of the re-opened FXD1/2023/2Yr (1.2 years) and the FXD1/2024/3Yr (2.6 years) are with us and below is a quick summary:
- FXD1/2023/2Yr (1.2 years): average of 17.1225% on the back of KES 7.075Bn in bids accepted from a total of KES 8.445Bn in bids received
- FXD1/2024/3Yr (2.6 years): average of 17.5862% on the back of KES 23.808Bn in bids accepted from a total of KES 24.393Bn in bids received
- Subscription: Marginally oversubscribed with a total of KES 32.839Bn in bids received, with the CBK accepting KES 30.884Bn.
The Monetary Policy Committee (MPC) met yesterday and concluded that the current monetary policy stance will ensure that overall inflation remains stable around the mid-point of the target range in the near term, while ensuring continued stability in the exchange rate. Therefore, the Committee decided to retain the Central Bank Rate (CBR) at 13.00%. Attached is the MPC’s Press Statement in full. For your trading activities ahead, below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
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