Kenya reverses rate decision

DO NOT USE central-bank-of-kenya-day

The Central Bank of Kenya has reversed an interest rate hike and imposed restrictions on lending from its discount window in an attempt to stem inflation and reduce distortions in money markets.

On Tuesday, the central bank unexpectedly reduced its overnight discount rate by 175 basis points, from 8% to 6.25%; only two weeks after the central bank raised it to 8%. The central bank also imposed a condition on its discount window to restrict the amount of money banks can borrow. Banks lending on

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account