Bank Lending Rate in Kenya decreased to 12.78 percent in August from 13.10 percent in July of 2018. Bank Lending Rate in Kenya averaged 16.27 percent from 1971 until 2018, reaching an all time high of 32.28 percent in April of 1994 and a record low of 9 percent in January of 1972.
Bank Lending Rate in Kenya is expected to be 13.22 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Kenya to stand at 13.72 in 12 months time. In the long-term, the Kenya Bank Lending Rate is projected to trend around 13.22 percent in 2020, according to our econometric models.