The central bank of Kenya left its key interest rate steady at 7% during its January 2021 meeting, as widely expected. Policymakers said that the current accommodative monetary policy stance remains appropriate, as policy measures implemented since March were having the intended effect on the economy, and are being augmented by the implementation of fiscal measures announced in the FY2020/21 Budget. Policymakers said that leading indicators for the Kenyan economy point to a recovery in the Q4 of 2020, supported largely by strong performance in the agriculture and construction sectors, resilient exports, manufacturing and services. The economy is expected to perform strongly in 2021, driven by the services sectors particularly education, manufacturing, resilient agriculture and the ongoing policy support through the government’s economic recovery plan. Meantime, the inflation rate remains well anchored and it is projected to remain within the target range of 2.5-7.5% in the near term. source: Central Bank of Kenya

Interest Rate in Kenya averaged 13.43 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 February 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Kenya Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.00 84.67 0.83 1991 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-07-29 01:30 PM 7% 7% 7%
2020-09-29 01:30 PM 7% 7% 7% 7%
2020-11-26 02:00 PM 7% 7% 7% 7%
2021-01-27 02:05 PM 7% 7% 7% 7%
2021-03-29 02:00 PM 7%


News Stream
Kenya Leaves Monetary Policy Unchanged
The central bank of Kenya left its key interest rate steady at 7% during its January 2021 meeting, as widely expected. Policymakers said that the current accommodative monetary policy stance remains appropriate, as policy measures implemented since March were having the intended effect on the economy, and are being augmented by the implementation of fiscal measures announced in the FY2020/21 Budget. Policymakers said that leading indicators for the Kenyan economy point to a recovery in the Q4 of 2020, supported largely by strong performance in the agriculture and construction sectors, resilient exports, manufacturing and services. The economy is expected to perform strongly in 2021, driven by the services sectors particularly education, manufacturing, resilient agriculture and the ongoing policy support through the government’s economic recovery plan. Meantime, the inflation rate remains well anchored and it is projected to remain within the target range of 2.5-7.5% in the near term.
2021-01-27
Kenya Holds Key Interest Rate Steady at 7%
The central bank of Kenya kept its benchmark interest rate unchanged at 7% during its November 2020 meeting, as widely expected, despite the still highly uncertain outlook due to the Covid-19 pandemic. Policymakers said that the current accommodative monetary policy stance remains appropriate, as policy measures implemented since March were having the intended effect on the economy, which will be reinforced by the implementation of fiscal measures announced in the FY2020/21 government budget. The Committee added that leading indicators for the Kenyan economy suggest an economic recovery in the second half of 2020, mainly driven by agriculture, manufacturing, exports, and services following the easing of COVID-19 restrictions. Meantime, the inflation rate remains well anchored and it is projected to remain within the target range of 2.5-7.5% in the near term, supported by lower food prices and muted demand pressures.
2020-11-26
Kenya Holds Key Interest Rate Steady at 7%
The central bank of Kenya kept its benchmark interest rate unchanged at 7% during its September 2020 meeting, as widely expected, despite a still-challenging economic backdrop due to Covid-19. Policymakers said that the current accommodative monetary policy stance remains appropriate, as policy measures implemented since March were having the intended effect on the economy, which will be reinforced by the implementation of fiscal measures announced in the FY2020/21 government budget. Policymakers added that leading indicators for the Kenyan economy for the third quarter point to a strong recovery in economic activity, mainly supported by agriculture, increased activity in key sectors such as services with the easing of Covid-19 restrictions, normalisation of exports and government intervention to mitigate the impact of the pandemic. Meanwhile, the inflation rate remains well anchored and it is projected to remain within the target range of 2.5-7.5% in the near term.
2020-09-29
Kenya Leaves Monetary Policy Unchanged
The central bank of Kenya left its benchmark interest rate unchanged at 7% during its July 2020 meeting. Policymakers said that the package of policy measures adopted since March to cushion the impact of the coronavirus pandemic were having the intended effect and added that it will be reinforced by implementations of fiscal measures announced in the FY2020/21 government budget. The Committee noted that the inflation rate remains well anchored and it is projected to remain within the target range of 2.5-7.5% in the near term. Policymakers underscored the uncertainty regarding the increasing rate of coronavirus cases. The Committee said that they will continue to monitor the impact of the policy measures so far, developments in both the global and domestic economy and will take any measures if needed.
2020-07-29

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.