International oil prices decreased in the week ending on November 13, 2025.

In it’s weekly bulletin published on November 14, the Central Bank of Kenya (CBK) said murban oil price decreased marginally to USD 65.03 per barrel on November 13, from USD 65.32 per barrel on November 6.

CBK attributed this decline build-up oil inventories and weak oil demand.

This has been caused by the geopolitical risks associated with Russia-Ukraine war.

“International oil prices declined marginally on account of build-up oil inventories and weak oil demand amid elevated geopolitical risks associated with Russia-Ukraine war,” CBK said.

The Kenya Shilling remained stable against major international and regional currencies during the week ending November 13, 2025.

It exchanged at KSh 129.25 per U.S. dollar on November 13, compared to KSh 129.23 per US dollar on November 6.

Foreign Exchange Reserves

The foreign exchange reserves remained adequate at USD 12,292 million (5.4 months of import cover) as of November 13.

This meets the CBK’s statutory requirement to endeavour to maintain at least 4 months of import cover.

Remittance Inflows

Remittance inflows to Kenya totalled USD 438.8 million in October 2025 from USD 437.2 million in October 2024, an increase of 0.4 percent.

The 12 months cumulative inflows to October 2025 increased by 5.8 percent to USD 5,082 million compared to USD 4,804 million in a similar period in 2024.

Remittance inflows remain a key source of foreign exchange earnings and continue to support the balance of payments.

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Money Market

The money market remained liquid during the week ending November 13 and open market operations remained active.

Commercial banks’ excess reserves averaged KSh 14.7 billion above the 3.25 percent Cash Reserve Ratio (CRR) requirement.

The Kenya Shilling Overnight Interbank Average Rate (KESONIA) declined marginally to 9.23 percent on November 13, from 9.25 percent on November 6.

During the week, the average number of interbank transactions increased to 26 from 18 in the previous week, while the average value traded increased to KSh 13.9 billion from KSh 6.9 billion.

Government Securities Market

The Treasury bill auction of November 13 received bids totalling KSh 30.5 billion against an advertised amount of KSh 24.0 billion, representing a performance of 127.3 percent.

Interest rate on the 91-day Treasury bill declined marginally while interest rate on the 364-day Treasury bill increased.

Equity Market

At the Nairobi Securities Exchange, the NASI, NSE 25 and NSE 20 share price indices decreased by 2.88 percent, 2.59 percent and 1.45 percent, respectively, during the week ending November 13, 2025.

Market capitalization and equity turnover decreased by 2.88 percent, 9.38 percent respectively, while and total shares traded increased by 8.69.

Also Read: Why Global Oil Prices Dropped In the Last Week of October

Bond Market

Bond turnover in the domestic secondary market increased by 51.55 percent during the week ending November 13, 2025m

In the international market, yields on Kenya’s Eurobonds decreased by 7.84 basis points on average.

The yields for Angola decreased, while that of Côte d’Ivoire increased.

Global Trends

Inflation concerns in advanced economies have eased during the week.

Germany annual inflation rate decreased to 2.3 percent in October 2025 from 2.4 percent in September, largely attributed to fall in energy prices despite rise in food and service prices.

The UK economy grew by 0.1 percent in the third quarter of 2025, compared with a growth of 0.3 percent in the second quarter of 2025.

South Africa cut its inflation target to 3 percent with 1 percentage point tolerance band to allow flexibility in the event of unexpected inflation pressures.

The U.S. Dollar index weakened by 0.6 percent during the week.

CBK weekly bulletin published on November 14, 2025. PHOTO/CBK.