The decline in the 91-day Treasury bill rate below 10% for the first time since April 2023 reflects the Central Bank of Kenya's (CBK) accommodative monetary policy. This shift could lure retail investors back to equities, reshaping their investment priorities as the appeal of government securities wanes.
With foreign exchange reserves at USD 9 billion, covering 4.6 months of imports and meeting statutory requirements, confidence in the market remains strong. This stability, supported by a significant rise in diaspora remittances, may further attract foreign investment into the Kenyan market.
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