Kenia Zinssatz

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.