Bank Lending Rate in Kenya increased to 11.94 percent in August from 11.92 percent in April of 2020. source: IMF

Bank Lending Rate in Kenya averaged 16.11 percent from 1971 until 2020, reaching an all time high of 32.28 percent in April of 1994 and a record low of 9 percent in January of 1972. This page provides - Kenya Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kenya Bank Lending Rate - values, historical data and charts - was last updated on October of 2020.

Bank Lending Rate in Kenya is expected to be 13.05 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Bank Lending Rate in Kenya to stand at 11.70 in 12 months time. In the long-term, the Kenya Bank Lending Rate is projected to trend around 13.05 percent in 2021 and 11.45 percent in 2022, according to our econometric models.

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Kenya Bank Lending Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.94 11.92 32.28 9.00 1971 - 2020 percent Monthly

Kenya Consumer Last Previous Highest Lowest Unit
Bank Lending Rate 11.94 11.92 32.28 9.00 percent [+]
Gasoline Prices 0.97 0.94 1.59 0.40 USD/Liter [+]
Disposable Personal Income 8591.30 7934.30 8591.30 1357.30 KES Billion [+]

Kenya Bank Lending Rate
In Kenya, the bank lending rate is the upper rate of interest charged on unsecured loans by commercial banks to private individuals and companies.