The Central Bank of Kenya (CBK) has maintained its benchmark interest rate at 8.75 percent. This decision comes amid steady inflation and global economic uncertainties.

• Inflation in Kenya edged up slightly to 6.5 percent in July, primarily due to increased food prices.
• The Monetary Policy Committee (MPC) retained the Central Bank Rate (CBR) at 8.75 percent.
• Despite rising global risks, the CBK noted that Kenya’s economy grew by 5.3 percent in the first quarter of 2026.

Absa Bank Kenya has clarified that mortgage approval is not the final step in homeownership, emphasizing the critical legal and administrative processes that follow before property transfer.

• Securing a mortgage is only "half the journey," according to Beatrice Chege, Absa Bank Kenya Head of Mortgage.
• The post-approval stage involves ownership verification, legal documentation, tax payments, and property registration, often requiring interaction with platforms like Ardhisasa.
• Borrowers must budget for additional costs such as stamp duty, legal fees, and insurance, and may face delays due to document processing and borrower disengagement.