Leading Economic Indicators – January 2024

In January 2024, the Kenyan Shilling depreciated against all major selected trading currencies. The average yield rate for 91-day Treasury Bills, which is a benchmark for interest rate trends, increased from 15.70 per cent in December 2023 to 16.14 percent
in January 2024. The Central Bank of Kenya maintained its benchmark interest rate at 12.50 percent in January 2024. Inter-Bank Rates rose from 11.65 per cent in December 2023 to 13.65 percent in January 2024, as presented in Table 3.