The Central Bank of Kenya slashed its benchmark interest rate by another 75 bps to 11.25% at its meeting on December 5th, 2024, marking the third consecutive rate reduction. The Monetary Policy Committee noted a slowdown in economic growth in the first half of the year and deemed further easing necessary to stimulate activity while preserving exchange rate stability. Meanwhile, inflation is expected to remain below the midpoint of the target range, aided by low fuel costs, stable food prices, and a steady exchange rate. Kenya’s annual inflation rate edged up to 2.8% in November 2024 from 2.7% in October, marking the first increase since August, yet remaining well below the central bank’s target midpoint of 5%. source: Central Bank of Kenya
The benchmark interest rate in Kenya was last recorded at 11.25 percent. Interest Rate in Kenya averaged 12.97 percent from 1991 until 2024, 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 2025.
The benchmark interest rate in Kenya was last recorded at 11.25 percent. Interest Rate in Kenya is expected to be 10.75 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 7.50 percent in 2026, according to our econometric models.