T-bill rate rises above 8pc as inflation pressure piles on CBK

The 91-day Treasury bill interest rate rose to 8.03% last week, the highest level since August 2025, as investors pressured the Central Bank of Kenya (CBK) to raise rates amid rising inflation. Inflation jumped to 5.6% in April, the fastest pace in seven years, largely due to rising energy prices linked to the US/Israel-Iran conflict. Analysts expect interest rates to continue rising in response to these inflationary expectations.