Interbank market still at mess, says Patrick Njoroge

CBK Governor Patrick Njoroge

Kenya’s interbank market still remains tilted to a few players and Central Bank of Kenya (CBK) is concerned.

According to Governor Patrick Njoroge, the market, where banks and financial institutions trade currencies among themselves, still needs more “fixing” to help improve the liquidity flow in the sector.

 “Inter-bank market still displays unusual segmentation, but we are making progress,” said Dr Njoroge during a recent press briefing in Nairobi.