Bank Lending Rate in Kenya increased to 12.47 percent in September from 12.46 percent in August of 2019. Bank Lending Rate in Kenya averaged 16.19 percent from 1971 until 2019, reaching an all time high of 32.28 percent in April of 1994 and a record low of 9 percent in January of 1972. source: IMF
Bank Lending Rate in Kenya is expected to be 12.47 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Kenya to stand at 11.97 in 12 months time. In the long-term, the Kenya Bank Lending Rate is projected to trend around 11.47 percent in 2020, according to our econometric models.