Daily Market Update
MARKET UPDATE FOR 22nd October 2026
LOCAL MARKET
USD/KES
The Kenya shilling remained unchanged against the US dollar on Wednesday, market data showed. Expected range today is 126.50—131.50.
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 126.50 | 131.50 | ||
| GBP | 1.3225 | 1.3650 | 167.55 | 178.88 |
| EUR | 1.1093 | 1.1395 | 140.33 | 149.33 |
| JPY | 156.19 | 159.23 | 0.7944 | 0.8390 |
| ZAR | 14.886 | 17.916 | 7.06 | 8.80 |
| CHF | 0.8177 | 0.8280 | 152.78 | 160.27 |
| CAD | 1.3982 | 1.4083 | 89.82 | 93.73 |
| KES/UGX | 1455 | 4265 | 31.71 | 33.72 |
| KES/TZS | 2583 | 2713 | 19.71 | 21.45 |
MONEY MARKET
CBK analysis on Wednesday showed excess liquidity in the market. The regulator was therefore in the market to mop Kes 80BN in a 7 and 14 day TAD in order to remain within the monetary policy path set by the MPC.
| LOCAL MONEY MARKET | |||
| TREASURY BILLS AND BONDS (MIO KES) | |||
| Tenor | 91-day | 182-day | 364-day |
| Amount Offered | 8,000.00 | 10,000.00 | 10,000.00 |
| Bids Received | 49,796.45 | 12,058.22 | 6,643.43 |
| Amount Accepted | 34,244.17 | 11,478.98 | 6,592.62 |
| Current Rate | 8.7500% | 8.8600% | 9.0383% |
| Previous Rate | 8.7615% | 8.8744% | 9.0352% |
GLOBAL MARKETS
Oil prices rose again, with Brent above $110 a barrel. The main driver was escalating Middle East security risk, reinforced by tighter U.S. crude inventories.
EUR/USD remains under pressure near 1.1235 on Thursday amid French political and fiscal concerns. A stronger USD could drive further losses.
GBP/USD trades near 1.3395, supported by strongerthan-expected UK inflation and rising expectations of a BoE rate hike.
Source: LSEG Refinitiv
| LOCAL AND INTERNATIONAL BENCHMARK RATES | |||
| Local Inflation | 6.8% | ||
| KES CBR | 8.75% | ||
| GBP BOE RATE | 3.75% | ||
| EUR ECB RATE | 2.65% | ||
| USD FED RATE | 4.00% | ||
| SOFR O/N RATE | 3.8%, 2.440%, 3.7324% | ||
| BRENT OIL ($/BARREL) | 111.23 | ||
| MURBAN CRUDE ($/BARREL) | 99.04 | ||
For firm quotes and more information on other treasury products kindly contact our treasury team
Treasury team: Martin Githinji, Calvince Amallah, Oliver Kilonzo and Philip Wanjiru.
Telephone Contacts: 020 3275 XXX; EXT.244/558/526/221/245/378/185
Mobile Lines: 0703 058 XXX; EXT.244/558/526/221/245/378/185
Email: dealing@boakenya.com
Disclaimer
Whilst every care has been taken in compiling this market update, the Bank will not be responsible for any and shall be exempt from all liabilities in respect of any loss of any kind whatsoever, incurred by any persons as a consequence of relying on the above information or otherwise.