Kenya interest rateKenya interest rateKenya interest rate

Kenya interest rate

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Key data points


Last release
Observation period
Oct 8, 2024
Next release
Forecast
Highest
84.67% on Jul 31, 1993
Lowest
0.83% on Sep 30, 2003

About Kenya interest rate


Category
Money
Frequency
Daily
Units
%
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.

Frequently Asked Questions


Kenya interest rate is 12% at the moment.
Last month Kenya interest rate was 12%, and the month before that it amounted to 12.75%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.