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June 10, 2026
2h ago

CBK Releases New Forecast for Kenyan Shilling Against U.S. Dollar

CBK Releases New Forecast for Kenyan Shilling Against U.S. Dollar

CBK terms the Middle East conflict that has dragged on for months as a key determinant of how the Kenyan Shilling behaves against the dollar...

✨ Key Highlights

The Central Bank of Kenya (CBK) forecasts continued stability for the Kenya Shilling against the U.S. Dollar, attributed to tightly controlled interbank lending rates. The dollar currently stands at Ksh129.41.

  • The Kenya Shilling Overnight Interbank Average (KESONIA) is closely aligned with the Central Bank Rate (CBR) at 8.75 per cent, indicating a liquid and orderly banking system.
  • CBK Governor Kamau Thugge highlighted this alignment as crucial for enhancing monetary policy transmission and reassuring foreign investors.
  • This stability comes as the CBK retained its benchmark lending rate at 8.75 per cent to anchor domestic inflation expectations amid global pressures, though it lowered the 2026 economic growth forecast to 4.9 per cent.

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