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.

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Kenya Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-05-26 01:30 PM 7% 7% 7% 7%
2021-07-28 02:30 PM 7% 7% 7% 7%
2021-09-28 01:30 PM 7% 7% 7% 7%
2021-11-29 01:30 PM 7% 7% 7%


Related Last Previous Unit Reference
Interest Rate 7.00 7.00 percent Oct/21
Money Supply M1 1770.79 1810.35 KES Billion Sep/21
Interbank Rate 3.10 4.17 percent Aug/21
Money Supply M2 3408.14 3451.70 KES Billion Sep/21
Money Supply M3 4177661.00 4222769.00 KES Million Sep/21
Foreign Exchange Reserves 14502.80 14196.30 USD Million Aug/21
Central Bank Balance Sheet 1421657.86 1478862.50 KES Million Aug/21
Loans To Private Sector 2326105.00 2335247.00 KES Million Apr/17

News Stream
Kenya Holds Key Interest Rate Steady at 7%
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.
2021-09-28
Kenya Leaves Monetary Policy Unchanged
The central bank of Kenya held its benchmark interest rate unchanged at 7% during its July meeting, saying the current accommodative monetary policy stance remains appropriate. Inflation is expected to be elevated but in line with the target range, mainly driven by rises in food and fuel prices and the impact of the new tax measures. The MPC revealed that there is general optimism about economic growth for 2021, due to the ease in COVID-19 containment measures and ongoing vaccination.
2021-07-28
Kenya Holds Key Interest Rate Steady at 7%
The central bank of Kenya kept its benchmark interest rate unchanged at 7% during its May meeting, saying the current accommodative monetary policy stance remains appropriate. Inflation remains well anchored and it is expected to remain within the target range in the near term, supported by lower food prices and muted demand pressures, despite the recent increase in fuel prices. The MPC added that will closely monitor the impact of the policy measures, as well as developments in the global and domestic economy, and stands ready to take additional measures as necessary.
2021-05-26

Kenya Interest Rate
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.