The central bank of Kenya kept its benchmark interest rate at 7% during its March 2022 meeting, as expected, to continue supporting the domestic recovery. Policymakers said that the current accommodative monetary policy remains appropriate as inflation expectations remain anchored within the target range supported by the government's policy interventions. At the same time, leading economic indicators show improved economic performance. Headline inflation fell to a 16-month low of 5.1% in February of 2022 from 5.4% in January, mainly due to the effect of government measures to stabilize fuel prices and electricity tariffs. Thus, inflation is expected to remain within the target range in the near term. source: Central Bank of Kenya
Interest Rate in Kenya averaged 13.19 percent from 1991 until 2022, 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 May of 2022.
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 2023, according to our econometric models.