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.

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Kenya Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 01:50 PM 7% 7% 7% 7%
2022-01-26 02:40 PM 7% 7% 7% 7%
2022-03-29 01:30 PM 7% 7% 7% 8%
2022-05-30 01:30 PM 7% 7% 7%


Related Last Previous Unit Reference
Interest Rate 7.00 7.00 percent Mar 2022
Interbank Rate 4.72 4.73 percent Mar 2022
Money Supply M1 1796.33 1832.39 KES Billion Mar 2022
Money Supply M2 3410.16 3416.40 KES Billion Mar 2022
Money Supply M3 4221242.78 4220713.00 KES Million Mar 2022
Foreign Exchange Reserves 12590.00 13079.40 USD Million Mar 2022
Central Bank Balance Sheet 1471985.56 1498936.63 KES Million Jan 2022
Loans To Private Sector 2326105.00 2335247.00 KES Million Apr 2017

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 84.67 0.83 1991 - 2022 percent Daily

News Stream
Kenya Holds Key Interest Rate at 7%
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.
2022-03-29
Kenya Holds Key Interest Rate Steady at 7%
The central bank of Kenya retained its benchmark interest rate at 7% during its January 2022 meeting, as expected, to continue supporting the domestic recovery as inflation expectations remain well anchored. Policymakers noted that inflation eased to an 11-month low of 5.7% in December from 5.8% in November, mainly due to lower food prices, and it is expected to remain within the central bank’s target range of 2.5%-7.5%. Meanwhile, the recently released GDP data for the third quarter together with leading indicators confirm that the Kenyan economy rebounded strongly in 2021, following the easing of COVID-19 restrictions and the impact of government interventions. The economy is expected to remain strong in 2022, supported by the continued strong performance of the services sector, recovery in agriculture, and an improvement in global demand. The bank's Monetary Policy Committee, however, warned that there were elevated global risks with the potential to impact the domestic economy.
2022-01-26
Kenya Leaves Monetary Policy Unchanged
The central bank of Kenya left its benchmark interest rate unchanged at 7% during its November 2021 meeting, for the eleventh time in a row, as widely expected. Policymakers noted that inflation edged down to 6.5% in October, for the first time in six months, as the government's efforts to stabilise retail fuel prices started to have an impact, and it is expected to remain within the central bank's target range of 2.5%-7.5%. Meanwhile, economic growth rebounded strongly in the second quarter of 2021, as activities resumed following pro-longed lockdowns in the previous period to curb the spread of the coronavirus. Governor Njoroge said that leading indicators point to a continuing recovery in the second half of the year and growth is projected to remain strong in 2022.
2021-11-29