MPC Wednesday – The Monetary Policy Committee (MPC) of the CBK meets today and we should have the outcome in the course of the day. In the market, there was an aggressive drop of 280bps in the overnight lending rate in yesterday’s trading session. The CBK, through reverse repos, has brought some much needed liquidity support in a bid to lower the cost of funding in the market.
Below is a snapshot of what is at play within the secondary market for your consideration. Happy hunting!
Attached are the bond positions available today and the bond auction prospectus for August 2023.