The Kenyan shilling held steady against the US dollar during the week ending June 11, 2026, according to the Central Bank of Kenya (CBK) Weekly Bulletin released on June 12, 2026.

The shilling traded at Ksh 129.48 per US dollar compared to Ksh 129.38 in the previous week, showing minimal movement against major international and regional currencies.

CBK noted that foreign exchange reserves remained strong at approximately 1.71 trillion, equivalent to 5.6 months of import cover, exceeding the statutory requirement of four months.

The Monetary Policy Committee, in its June 9 meeting, retained the Central Bank Rate at 8.75 percent, citing global supply chain disruptions linked to geopolitical tensions and rising energy costs.

Inflation increased to 6.7 percent in May from 5.6 percent in April, though the committee expects it to remain within the target range in the near term.

“The Kenya Shilling remained stable against major International and regional currencies during the week ending June 11, 2026. It exchanged at Ksh 129.48 per U.S. dollar on June 11, 2026, compared to Ksh 129.38 per U.S. dollar on June 4, 2026.

“The foreign exchange reserves remained adequate at USD 13.240 billion (5.6 months of import cover) as of June 11, 2026. This meets CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover,” read the bulletin.

Money market liquidity and government securities performance

The money market remained liquid, supported by active open market operations. Commercial banks recorded excess reserves averaging KSh 179 billion above the required Cash Reserve Ratio of 3.25 percent.

The Kenya Shilling Overnight Interbank Average Rate remained unchanged at 11.75 percent, while interbank transactions increased to an average of 25 deals per day from 21 in the previous week.

In the government securities market, Treasury bill auctions on June 11 recorded strong demand, receiving bids worth Ksh 39.3 billion against an advertised Ksh 24.0 billion, representing a subscription rate of 163.9 percent.

Interest rates on 91-day, 182-day, and 364-day Treasury bills increased marginally, while the June 8 Treasury bond tap sale recorded lower participation at 58.4 percent.

NSE declines amid mixed market performance

The Nairobi Securities Exchange recorded declines across key indices during the week ending June 12, 2026.

The NASI fell by 0.17 percent, the NSE 20 by 0.41 percent, and the NSE All Share Index by 0.06 percent. Market capitalization also declined by 0.17 percent. Trading activity weakened, with total shares traded and equity turnover dropping by 23.38 percent and 26.71 percent respectively.

However, bond turnover in the domestic secondary market rose significantly by 90.53 percent during the same period. CBK noted that global commodity prices eased, with Murban crude oil falling to USD 64.60 per barrel and gold prices declining due to reduced safe-haven demand.