Leading Economic Indicators – December 2024

In December 2024, the Kenyan Shilling appreciated against the US Dollar, Sterling Pound, Euro,
and South African Rand, while it depreciated against the Japanese Yen, Ugandan Shilling, and
Tanzanian Shilling, as shown in Table 2. The average yield rate for 91-day Treasury Bills declined
from 13.06 per cent in November 2024 to 10.32 per cent in December 2024. The Central Bank of
Kenya lowered its benchmark interest rate from 12.00 per cent in November 2024 to 11.25 per
cent in December 2024. Interbank rates decreased from 11.99 per cent in November 2024 to
11.45 per cent in December 2024. The weighted average lending rate at commercial banks de
creased from 17.22 per cent in November 2024 to 16.89 per cent in December 2024, while over
draft rates fell from 16.53 per cent to 15.75 per cent.