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. source: Central Bank of Kenya
Interest Rate in Kenya averaged 13.36 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 June of 2021.
Interest Rate in Kenya is expected to be 6.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Kenya to stand at 6.50 in 12 months time. In the long-term, the Kenya Interest Rate is projected to trend around 6.25 percent in 2022, according to our econometric models.