Kenya Interest Rate 1991-2014 | Data | Chart | Calendar | Forecast | News

The benchmark interest rate in Kenya was last recorded at 8.50 percent. Interest Rate in Kenya averaged 14.62 Percent from 1991 until 2014, reaching an all time high of 84.67 Percent in July of 1993 and a record low of 0.83 Percent in September of 2003. Interest Rate in Kenya is reported by the Central Bank of Kenya.

      Forecast    
Kenya Interest Rate


Actual Previous Highest Lowest Dates Unit Frequency
8.50 8.50 84.67 0.83 1991 - 2014 percent Daily
In Kenya, interest rates decisions are taken by The Monetary Policy Committee (MPC) of the The Central Bank of Kenya. The official interest rate since August 2005 is the Central Bank Rate (CBR), which replaced the 91-day Treasury Bill (TB) rate. This page provides - Kenya Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Kenya Interest Rate - was last refreshed on Sunday, December 21, 2014.


Kenya Leaves Monetary Policy Unchanged


Central Bank of Kenya decided on November 4th to leave the benchmark interest rate unchanged at 8.5 percent, as current policy stance had moderated inflationary pressures.

Excerpts from the statement by the Central Bank of Kenya:

The Committee noted that overall inflation had declined in both September and October 2014 to be within the prescribed range of the medium-term target of 5 percent after some sporadic effects in the previous months.

The exchange rate remains stable despite short-term pressures arising from external events in the Eurozone and the United Kingdom that has resulted in a “flight to safety” and the strengthening of the US Dollar. Resilient foreign exchange inflows through diaspora remittances and sustained foreign investor participation in the Nairobi Securities Exchange (NSE) continued to support the Kenya Shilling.

The Committee noted that there has been no fundamental change in the factors driving inflation over the last 12 months, and concluded that the current monetary policy stance coupled with effective liquidity management operations had moderated inflationary pressure. However, there were notable sporadic spikes on inflation that were witnessed in the months of July and August 2014, although they did not have permanent effects as predicted in the previous meeting. The current forecast indicates that inflation is moving towards its 5 percent target. Given these considerations, the MPC decided to retain its policy stance by maintaining the CBR at 8.50 percent in order to continue anchoring inflationary expectations.

Central Bank of Kenya | Carolina Cunha | carolina.cunha@tradingeconomics.com
11/5/2014 10:45:07 AM


Recent Releases

Kenya Holds Key Rate Steady at 8.5%
Central Bank of Kenya decided on November 4th to leave the benchmark interest rate unchanged at 8.5 percent, as current policy stance had moderated inflationary pressures. Published on 2014-11-04

Kenya Leaves Monetary Policy Unchanged
Central Bank of Kenya decided on September 3rd to leave the benchmark interest rate unchanged at 8.5 percent, saying that there are no fundamental structural pressures on inflation. Published on 2014-09-03


Calendar GMT Event Actual Previous Consensus Forecast (i)
2013-11-05 02:00 PM
Interest Rate Decision 
8.5% 8.5% 8.75%
2014-01-14 01:45 PM
Interest Rate Decision 
8.5% 8.5% 8.5%
2014-07-08 03:00 PM
Interest Rate Decision 
8.5% 8.5% 8.5%
2015-01-14 01:45 PM
Interest Rate Decision 
8.5%
2015-07-08 03:00 PM
Interest Rate Decision 
8.5%


Kenya Money Last Previous Highest Lowest Unit
Interest Rate 8.50 8.50 84.67 0.83 percent [+]
Money Supply M1 903.10 918.40 918.40 97.90 KES Billion [+]
Money Supply M2 1893.33 1891.07 1893.33 302.72 KES Billion [+]
Money Supply M3 2251762.00 2253316.00 2253316.00 345.90 KES Billion [+]
Foreign Exchange Reserves 8483.20 7927.00 8483.20 853.00 USD Million [+]
Central Bank Balance Sheet 828282.00 649137.00 828282.00 93720.00 KES Million [+]
Interbank Rate 7.40 11.80 68.25 0.43 percent [+]
Loans To Private Sector 1515613.00 1493754.00 1515613.00 226846.00 KES Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.50 Dec/14 2.50 17.50 2.50 percent [+]
Brazil 11.75 Dec/14 11.25 45.00 7.25 percent [+]
Canada 1.00 Dec/14 1.00 16.00 0.25 percent [+]
China 5.60 Nov/14 6.00 10.98 5.31 percent [+]
Euro Area 0.05 Dec/14 0.05 4.75 0.05 percent [+]
France 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Germany 0.05 Dec/14 0.05 4.75 0.05 percent [+]
India 8.00 Dec/14 8.00 14.50 4.25 percent [+]
Indonesia 7.75 Dec/14 7.75 12.75 5.75 percent [+]
Italy 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Japan 0.00 Dec/14 0.00 9.00 0.00 percent [+]
Mexico 3.00 Dec/14 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Russia 17.00 Dec/14 9.50 17.00 5.00 percent [+]
South Korea 2.00 Dec/14 2.00 5.25 2.00 percent [+]
Spain 0.05 Dec/14 0.05 4.75 0.05 percent [+]
Switzerland -0.25 Dec/14 0.00 3.50 -0.25 percent [+]
Turkey 8.25 Nov/14 8.25 500.00 4.50 percent [+]
United Kingdom 0.50 Dec/14 0.50 17.00 0.50 percent [+]
United States 0.25 Dec/14 0.25 20.00 0.25 percent [+]