🇰🇪 Kenya Lending interest rate
Kenya Lending interest rate was 16.59 in 2024, up 22.1% from 2023, according to World Bank data. The 10-year average is 13.84. Historical data available from 1971 to 2024 (54 data points). The all-time high was 36.24 in 1994.
Source: World Bank World Development Indicators • 1971–2024 • 54 data points • Financial Sector
Latest Value
16.59
2024
Year-on-Year
+22.1%
vs 2023
10-Year Average
13.84
2015–2024
Range
High: 36.24 (1994)
Low: 9.00 (1971)
Kenya Lending interest rate (%) — 1971 to 2024
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About this Indicator
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. This indicator is expressed as a percentage (a÷b)*100.
Historical Data Table
| Year | Value |
|---|---|
| 2024 | 16.59 |
| 2023 | 13.59 |
| 2022 | 12.34 |
| 2021 | 12.08 |
| 2020 | 12.00 |
| 2019 | 12.44 |
| 2018 | 13.06 |
| 2017 | 13.67 |
| 2016 | 16.56 |
| 2015 | 16.09 |
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<iframe src="https://nationstat.com/en/country/kenya/lending-interest-rate" width="800" height="500" frameborder="0"></iframe>Compare with Other Countries
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