Deposit Interest Rate in Kenya increased to 8.30 percent in 2018 from 7.70 percent in 2017.

Deposit Interest Rate in Kenya averaged 9.22 percent from 1980 until 2018, reaching an all time high of 18.40 percent in 1998 and a record low of 2.43 percent in 2004. This page includes a chart with historical data for Deposit Interest Rate in Kenya. Deposit Interest Rate in Kenya - values, historical data and charts - was last updated on July of 2020.

Deposit Interest Rate in Kenya is expected to reach 8.05 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Kenya is projected to trend around 7.80 percent in 2021 and 7.55 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Kenya

Actual Previous Highest Lowest Dates Unit Frequency
8.30 7.70 18.40 2.43 1980 - 2018 percent Yearly

Kenya Money Last Previous Highest Lowest Unit
Interest Rate 7.00 7.00 84.67 0.83 percent [+]
Interbank Rate 5.13 4.40 68.30 0.40 percent [+]
Money Supply M1 1595.11 1568.05 1595.11 71.50 KES Billion [+]
Money Supply M2 3018.86 2970.10 3018.86 231.09 KES Billion [+]
Money Supply M3 3661011.00 3596050.00 3661011.00 244755.00 KES Million [+]
Foreign Exchange Reserves 12447.00 12834.80 13368.60 853.00 USD Million [+]
Deposit Interest Rate 8.30 7.70 18.40 2.43 percent [+]
Loans To Private Sector 2326105.00 2335247.00 2344446.00 166281.00 KES Million [+]


Deposit Interest Rate in Kenya
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.