The Central Bank of Kenya has projected continued stability for the Kenya Shilling against the U.S. Dollar. Governor Kamau Thugge cited alignment between the overnight interbank rate and the central bank rate at 8.75 per cent.
The Central Bank of Kenya announced its outlook on June 10. It highlighted that the Kenya Shilling Overnight Interbank Average remains aligned with the Central Bank Rate at 8.75 per cent as of June 2026. Governor Kamau Thugge stated that this framework supports stability and enhances monetary policy transmission. The bank retained its benchmark lending rate at 8.75 per cent on June 9. It pointed to global inflationary pressures from the Middle East conflict as a key factor. The dollar trades at Ksh129.41. Separately the Monetary Policy Committee lowered Kenya's 2026 growth forecast to 4.9 per cent from 5.3 per cent. Inflation rose to 6.7 per cent in May from 5.6 per cent in April.
