International Reserves in Kenya

Kenya International Reserves | Economic News & Forecasts

Kenya - International Reserves

Economic 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

2013  2014  2015  2016  2017  
International Reserves (USD)6.6  7.9  7.5  7.6  7.3  

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Kenya International Reserves Chart


Kenya International Reserves
Note: International reserves, months of imports.
Source: Central Bank of Kenya

Kenya Facts

ValueChangeDate
Bond Yield11.730.0 %Nov 21
Exchange Rate101.40.05 %Nov 21
Stock Market0.40.0 %Nov 21

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Economic News

  • Kenya: PMI stable in November

    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.

    Read more

  • Kenya: Inflation rises in November

    November 30, 2019

    Consumer prices rose 0.41% over the previous month in November, up from October’s 0.28% increase.

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  • Kenya: Central Bank slashes rates in November

    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.

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  • Kenya: PMI dips in October

    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.

    Read more

  • Kenya: Inflation jumps in October

    October 31, 2019

    Consumer prices rose 0.28% over the previous month in October, contrasting September’s 0.11% dip.

    Read more

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