Kenya Interest Rate  1991-2017 | Data | Chart | Calendar | Forecast | News

The Central Bank of Kenya held its benchmark interest rate at 10 percent on January 30th, 2017, saying inflation was expected to remain within the government target range in the short term. Policymakers, however, showed concerns over the prevailing drought conditions and risks in the global markets. Annual inflation rate declined to 6.4 percent in December 2016, the lowest in three months. The central bank last cut borrowing costs by 50bps in September last year. Interest Rate in Kenya averaged 14.16 percent from 1991 until 2017, 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.

Kenya Interest Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-20 02:30 PM Interest Rate Decision 10% 10.5% 10.5%
2016-11-28 02:30 PM Interest Rate Decision 10% 10% 10% 10%
2017-01-30 02:30 PM Interest Rate Decision 10% 10% 10% 10%
2017-03-27 02:10 PM Interest Rate Decision 10% 10%
2017-05-23 01:40 PM Interest Rate Decision 10%
2017-07-25 01:45 PM Interest Rate Decision 11%




Kenya Holds Key Rate at 10%


The Central Bank of Kenya left its benchmark interest rate unchanged at 10 percent on November 28th 2016 amid mild inflationary pressures. The central bank last cut borrowing costs by 50bps in September.

The government targets inflation in a range of 2.5 percent to 7.5 percent and since January the inflation has been below target. In October, consumer prices rose 6.5 percent year-on-year.

Policymalers also mentioned stable consumer credit and a strong second quarter growth. The economy advanced 6.2 percent year-on-year in the three months to June, the highest expansion since third quarter of 2013.

Joana Taborda | joana.taborda@tradingeconomics.com
11/28/2016 3:20:28 PM



Kenya Money Last Previous Highest Lowest Unit
Interest Rate 10.00 10.00 84.67 0.83 percent [+]
Interbank Rate 7.79 6.12 68.30 0.40 percent [+]
Money Supply M1 1308.93 1285.80 1308.93 71.50 KES Billion [+]
Money Supply M2 2342.62 2330.56 2342.62 231.09 KES Billion [+]
Money Supply M3 2753528.40 2767141.17 2767141.17 244755.00 KES Million [+]
Foreign Exchange Reserves 10441.50 10602.20 10602.20 853.00 USD Million [+]
Deposit Interest Rate 9.20 8.37 18.40 2.43 percent [+]
Loans To Private Sector 2322456.00 2297659.00 2322456.00 166281.00 KES Million [+]
Central Bank Balance Sheet 944875.00 920434.00 944875.00 93720.00 KES Million [+]



Kenya Interest Rate Notes

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 the latest reported value for - Kenya Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kenya Interest Rate - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
10.00 10.00 84.67 0.83 1991 - 2017 percent Daily



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