International Reserves in Kenya
Kenya - International ReservesThe economy will have deteriorated further in the second quarter after growth slumped to a two-and-a-half-year low in the first quarter as strict social distancing measures and widespread travel restrictions undermined the services, tourism and transportation sectors. Merchandise exports dived at the sharpest pace in nearly a year in April, and likely shrank further in May–June amid eviscerated foreign demand. Moreover, containment measures likely curbed household spending and investment activity in Q2, with a weaker shilling further exacerbating the downturn. Against this backdrop, on 14 July, S&P Global Ratings revised the outlook of Kenya’s B2 credit rating to negative from stable, citing concerns over rising fiscal deficits and worrying government and external debt metrics. That said, the PMI bounced back in June, signaling more upbeat conditions in Q3.
Kenya - International Reserves Data
|International Reserves (USD)||7.5||7.6||7.3||8.2||9.1|
5 years of economic forecasts for more than 30 economic indicators.
Kenya International Reserves Chart
Source: Central Bank of Kenya
|Bond Yield||12.20||0.0 %||Dec 31|
|Exchange Rate||101.4||0.05 %||Jan 01|
|Stock Market||0.4||0.0 %||Jan 07|
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July 3, 2020
The Purchasing Managers’ Index (PMI)—produced by IHS Markit and Stanbic Bank Kenya—increased notably to 46.6 in June from 36.7 in May.
June 30, 2020
Consumer prices fell a seasonally-adjusted 0.31% in June over the previous month, swinging from the 0.63% rise logged in May.
June 30, 2020
GDP growth slowed to 4.9% year-on-year in the first quarter, down from 5.5% in the fourth quarter of last year, according to Kenya’s Statistical Institute (KNBS).
June 25, 2020
At its 25 June meeting, the Monetary Policy Committee (MPC) of Kenya’s Central Bank retained the Central Bank rate at 7.00%, where it has been since 29 April.
Kenya: Government unveils FY2020 budget against Covid-19 backdrop; sets a trajectory for consolidation
June 19, 2020
On 11 June, the government presented a KES 2.79 trillion (around USD 26 billion) budget for fiscal year 2020–2021, which will start on 1 July and run through to 30 June 2021.