The Central Bank of Kenya (CBK) has established stability in the Kenyan shilling against other regional and international currencies.

According to CBK’s weekly bulletin released on Friday, October 25, 2025. The Kenyan shilling remained stable against major international and regional currencies during the week ending October 24, 2025, exchanging at Ksh129.24 per U.S. dollar, unchanged from the previous week, according to the Central Bank of Kenya (CBK) weekly bulletin.

The country’s foreign exchange reserves remained adequate at Ksh10.56, covering 5.3 months of imports, above the statutory minimum of four months.

In the money market, liquidity was maintained, with commercial banks holding excess reserves of Ksh7.8 billion. The Kenya Shilling Overnight Interbank Average (KESONIA) remained relatively stable at 9.26 per cent, while the average interbank deals and traded value increased to Ksh14.5 billion from Ksh8.0 billion the previous week.

The Treasury bill auction of October 23 saw strong demand, with bids totalling Ksh25.4 billion against an advertised Ksh24 billion, representing a performance of 105.9 per cent. Interest rates on 91-day, 182-day, and 364-day Treasury bills declined slightly.

Equity markets performed positively, with the NASI, NSE 25, and NSE 20 share price indices increasing by 1.37 per cent, 2.10 per cent, and 1.61 per cent, respectively. Market capitalisation and equity turnover rose by 1.36 per cent and 56.73 per cent, although total shares traded fell by 4.8 per cent.

Bond market

Bond turnover in the domestic secondary market increased by 27.2 per cent, while yields on Kenya’s Eurobonds decreased by 4.13 basis points.

Globally, the IMF expects growth to slow from 3.3 per cent in 2024 to 3.2 per cent in 2025, citing inflationary pressures and policy uncertainties. International oil prices rebounded, with Murban crude rising to Ksh8637 per barrel from Ksh8532 per barrel the previous week.

The CBK bulletin reflects a week of stable domestic currency, healthy foreign reserves, and modest gains across financial markets, providing a cautiously optimistic outlook for investors.