The central bank of Kenya left its benchmark interest rate unchanged at 7% during its September 2021 meeting, as widely expected, to continue supporting the ongoing economic recovery and firm up private sector credit growth. Policymakers noted that inflation accelerated to an 18-month high of 6.6% in August as inflationary pressures were rising domestically and internationally, but inflation expectations remained anchored within the targeted medium-term range of 2.5%-7.5%. Meanwhile, the economy is expected to rebound in 2021, supported by the continued reopening of the services sectors, recovery in manufacturing, and stronger global demand. source: Central Bank of Kenya
Interest Rate in Kenya averaged 13.29 percent from 1991 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Interest Rate in Kenya is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kenya Interest Rate is projected to trend around 8.00 percent in 2022, according to our econometric models.