International Reserves in Kenya
Kenya - International ReservesEconomic activity appeared to have gained further momentum in the third quarter, following resilient growth in the second. The PMI averaged higher in Q3 than in Q2, hinting at more dynamic private sector activity amid buoyant domestic and external demand. In turn, firms seemingly ramped up employment in the quarter, which, coupled with falling inflation, likely boosted private consumption. Merchandise exports, however, continued to contract in July–August, although at a softer pace than in Q2. Momentum likely eased at the outset of the fourth quarter amid slower private-sector output and notably weaker business confidence. In politics, Parliament approved the removal of interest rate caps on 5 November, which have constrained credit supply for years. The decision should boost competition among lenders going forward, although analysts expect commercial banks to benefit the most.
Kenya - International Reserves Data
|International Reserves (USD)||6.6||7.9||7.5||7.6||7.3|
5 years of economic forecasts for more than 30 economic indicators.
Kenya International Reserves Chart
Source: Central Bank of Kenya
|Bond Yield||11.73||0.0 %||Nov 21|
|Exchange Rate||101.4||0.05 %||Nov 21|
|Stock Market||0.4||0.0 %||Nov 21|
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December 4, 2019
The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank—came in at 53.2 in November, matching October’s reading, thus staying above the critical 50-threshold that separates expansion from contraction and signaling a healthy rate of growth in activity.
November 30, 2019
Consumer prices rose 0.41% over the previous month in November, up from October’s 0.28% increase.
November 25, 2019
At its meeting on 25 November, the Monetary Policy Committee (MPC) of Kenya’s Central Bank decided to axe the central bank rate by 50 basis points to 8.50%, marking the first cut in 16 months.
November 5, 2019
The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank—fell to 53.2 in October from 54.1 in September, thus moving closer to the critical 50-threshold that separates expansion from contraction and signaling a softer pace of growth in activity.
October 31, 2019
Consumer prices rose 0.28% over the previous month in October, contrasting September’s 0.11% dip.