CBK holds rate at 8.75pc amid Middle East conflict risks
The bank’s Monetary Policy Committee said the decision aims to anchor inflation expectations and maintain exchange rate stability amid pressure from higher global oil and fertiliser prices. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Central Bank of Kenya (CBK) has maintained its benchmark interest rate at 8.75 percent. This decision comes amidst escalating global risks, particularly those stemming from the ongoing conflict in the Middle East.
- The Central Bank Rate (CBR) remains at 8.75%.
- The decision was made by the Monetary Policy Committee (MPC) of the CBK.
- Rising global oil and fertiliser prices, influenced by Middle East instability and disruptions to key trade routes, are key concerns.
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CBK Holds Rate at 8.75% as World Bank Lowers Sub-Saharan Africa Outlook - April 2026
The Central Bank of Kenya (CBK) has maintained its benchmark interest rate at 8.75 percent, citing escalating global risks stemming from the ongoing conflict in the Middle East. This decision comes as the World Bank has downgraded its 2026 economic growth projection for sub-Saharan Africa by 0.3 percentage points, citing increasing geopolitical risks and global shocks. Additionally, the Energy and Petroleum Regulatory Authority (EPRA) is threatening severe penalties including hefty fines and license revocation against oil marketing companies accused of hoarding fuel and overcharging customers.
