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The Standard Group Plc is a
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Central Bank of Kenya (CBK) has continued to drain excess liquidity from the market for the second week running, signalling tough times for banks that rely on the regulator for survival.
In just two weeks, CBK has withdrawn Sh55 billion from matured reverse repurchase agreements (reverse repos), a departure from last year’s strategy where it was rolling over matured instruments to keep money in the market.
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