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Kenya Interest Rate
Last Release
Oct 08, 2024
Actual
12
Units In
%
Previous
12.75
Frequency
Daily
Next Release
N/A
Time to Release
N/A
Highest | Lowest | Average | Date Range | Source |
84.67 Jul 1993 | 0.83 Sep 2003 | 12.98 % | 1991-2024 | Central Bank of Kenya |
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.
Latest Updates
The Central Bank of Kenya cut its benchmark interest rate by 75 bps to 12% at its meeting on October 8th, 2024, marking the second consecutive rate reduction for the first time since the Covid-19 crisis. This decision was prompted by inflation easing to the lower bound of the central bank's target range of 2.5% to 7.5%, alongside a more Kenyan shilling and aimed at boosting credit to the private sector. Kenya's annual inflation rate eased to 3.6% in September 2024, the lowest since December 2012, from 4.4% in the previous month.
Kenya Interest Rate History
Last 12 readings
