Economy

The high subscription is a clear indication of investor confidence in Treasury bonds as safer debt instruments at a time when stock markets are plunging globally.

The Central Bank of Kenya's decision aligns with global trends, where central banks have been lowering interest rates to address inflation and support economic growth.

The rise in Kenya's inflation was largely attributed to the Food and Non-Alcoholic Beverages category, which surged by 6.6% year-over-year, and the Transport category.