Daily Market Update
MARKET UPDATE FOR 9th February 2026
LOCAL MARKET
USD/KES
The Kenya shilling was stable against the USD on Friday,
market data showed.
Expected range today is 126.50 -131.50
| INDICATIVE FOREX RATES | ||||
| CROSS RATES | AGAINST KES | |||
| USD | 126.50 | 132.50 | ||
| GBP | 1.3405 | 1.3856 | 170.16 | 183.59 |
| EUR | 1.1674 | 1.1976 | 147.68 | 158.68 |
| JPY | 155.24 | 158.25 | 0.7994 | 0.8535 |
| ZAR | 14.496 | 17.505 | 7.23 | 9.14 |
| CHF | 0.7705 | 0.7809 | 161.99 | 171.97 |
| CAD | 1.3607 | 1.3709 | 92.28 | 97.38 |
| KES/UGX | 3504 | 3614 | 26.45 | 28.57 |
| KES/TZS | 2505 | 2645 | 18. 91 | 20.91 |
MONEY MARKET
CBK analysis on Friday showed that liquidity was excess
in the market. The regulator was therefore in the market
for Kes 30Bn in 3 and 10 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 | 4,000.00 | 10,000.00 | 10,000.00 |
| Bids Received | 12,957.27 | 497.24 | 50,829.29 |
| Amount Accepted | 12,957.27 | 497.24 | 36,582.91 |
| Current Rate | 7.6298% | 7.7881% | 9.1999% |
| Previous Rate | 7.6326% | 7.8000% | 9.2066 % |
GLOBAL MARKETS
Oil prices fell in Asian trade on Monday after the U.S.
and Iran signaled they will continue to negotiate over
the Middle Eastern country’s nuclear ambitions, signaling a cooling in regional tensions. Resilience in the USD,
before a string of key U.S. economic readings this week,
also kept crude prices under pressure after a 2% drop
last week. Major prints from top oil importer China are
also due this week.
The EUR/USD pair is seen building on Friday’s goodish
rebound from the 1.1765 region or a two-week low and
gaining positive traction for the second straight day at
the start of a new week. The move higher lifts spot prices to the 1.1830-1.1835 resistance zone, marking the
top end of a one-week-old range, and is sponsored by
some follow-through USD selling.
The GBP/USD pair loses round to near 1.3610 during
the early Asian session on Monday. The Pound Sterling
(GBP) softens against the Greenback amid growing expectations of the Bank of England’s (BoE) interest-rate
cut. Traders will take more cues from the Fedspeak later
on Monday. The Bank of England (BoE) kept interest
rates on hold at 3.75% at its first meeting of 2026 last
week. Source: Reuters
| RNATIONAL BENCHMARK RATES | |||
| Local Inflation | 4.4% | ||
| KES CBR | 9.00% | ||
| GBP BOE RATE | 3.75% | ||
| EUR ECB RATE | 2.15% | ||
| USD FED RATE | 3.75% | ||
| SOFR O/N RATE | 3.65%, 1.931%, 3.7278% | ||
| BRENT OIL ($/BARREL) | 67.39 | ||
| MURBAN CRUDE ($/BARREL) | 62.96 | ||
For firm quotes and more information on other treasury products kindly contact our treasury team
Treasury team: Milton Onyuna, Martin Githinji, Calvince Amallah, Elizabeth Kiarie, Dennis Ingolo and Oliver Kilonzo.
Telephone Contacts: 020 3275 XXX; EXT.244/558/526/221/245/378
Mobile Lines: 0703 058 XXX; EXT.244/558/526/221/245/378
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.