Markets

Kenyan shilling expected to ease on high liquidity

Published May 14, 2018 Updated May 14, 2018 12:10pm

At 0922 GMT, commercial banks quoted the shilling at 100.25/45 per dollar, the same as Friday's close.

The weighted average interbank rate on the overnight borrowing market fell to 3.8575 percent on Friday from 4.2190 in the previous session, showing there was a glut of liquidity.

Copyright Reuters, 2018