Daily Market Update
MARKET UPDATE FOR 11th June 2026
LOCAL MARKET
USD/KES
The Kenya shilling weakened slightly 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 | 1.3235 | 1.3639 | 167.42 | 179.35 |
| EUR | 1.1399 | 1.1701 | 144.20 | 153.87 |
| JPY | 159.00 | 162.01 | 0.7808 | 0.8270 |
| ZAR | 15.020 | 18.028 | 7.02 | 8.76 |
| CHF | 0.7931 | 0.8034 | 157.46 | 165.81 |
| CAD | 1.3886 | 1.3987 | 90.44 | 94.70 |
| KES/UGX | 3695 | 3805 | 28.10 | 30.08 |
| KES/TZS | 2555 | 2685 | 19.43 | 21.23 |
MONEY MARKET
CBK analysis on Wednesday showed excess liquidity in the market. The regulator was therefore in the market to mop Kes 100Bn in 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 | 4,000.00 | 10,000.00 | 10,000.00 |
| Bids Received | 32,827.4 | 6,526.18 | 15,226.31 |
| Amount Accepted | 32,824.4 | 6,526.18 | 15,197.79 |
| Current Rate | 8.5588% | 8.5252% | 8.7629% |
| Previous Rate | 8.3884% | 8.2500% | 8.6266% |
GLOBAL MARKETS
Asian stocks fell on Thursday, pressured by an extended rout in technology shares, while increased military strikes between the U.S. and Iran also dampened sentiment.
The EUR/USD pair trades in a positive territory near 1.1540 during the early Asian trading hours on Thursday. Rising bets that the European Central Bank (ECB) will deliver a rate hike at its June policy meeting later on Thursday underpin the EUR against the Greenback. The ECB is anticipated to hike interest rates later in the day, as policy makers address the threat of secondround inflation effects amid elevated energy prices. This would be the first rate increase in three years.
The GBP/USD pair gathers strength to around 1.3385 during the Asian trading hours on Thursday. However, the potential upside might be limited amid rising expectations for higher-for-longer US interest rates. Markets might turn cautious later in the day ahead of the US Producer Price Index (PPI) report. Markets are now pricing in a 43.7% probability of a quarter-point rate hike in December, up from just about 14% a month ago.
Source: Reuters
| LOCAL AND INTERNATIONAL BENCHMARK RATES | |||
| Local Inflation | 6.7% | ||
| KES CBR | 8.75% | ||
| GBP BOE RATE | 3.75% | ||
| EUR ECB RATE | 2.15% | ||
| USD FED RATE | 3.75% | ||
| SOFR O/N RATE | 3.66%, 1.932%, 3.7299% | ||
| BRENT OIL ($/BARREL) | 94.08 | ||
| MURBAN CRUDE ($/BARREL) | 91.12 | ||
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.