Kenya - Lending interest rate

Lending interest rate (%)

The latest value for Lending interest rate (%) in Kenya was 12.08 as of 2021. Over the past 50 years, the value for this indicator has fluctuated between 36.24 in 1994 and 9.00 in 1971.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1971 9.00
1972 9.00
1973 9.00
1974 9.50
1975 10.00
1976 10.00
1977 10.00
1978 10.00
1979 10.00
1980 10.58
1981 12.42
1982 14.50
1983 15.83
1984 14.42
1985 14.00
1986 14.00
1987 14.00
1988 15.00
1989 17.25
1990 18.75
1991 19.00
1992 21.07
1993 29.99
1994 36.24
1995 28.80
1996 33.79
1997 30.25
1998 29.49
1999 22.38
2000 22.34
2001 19.67
2002 18.45
2003 16.57
2004 12.53
2005 12.88
2006 13.64
2007 13.34
2008 14.02
2009 14.80
2010 14.37
2011 15.05
2012 19.72
2013 17.31
2014 16.51
2015 16.09
2016 16.56
2017 13.67
2018 13.06
2019 12.44
2020 12.00
2021 12.08

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates