CBK maintains 8.75pc rate, cuts 2026 growth forecast
The central bank expects inflation to remain within the target range in the coming months, supported by government measures such as temporary fuel tax reductions, favourable weather conditions and exchange rate stability. Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Central Bank of Kenya (CBK) has maintained its benchmark lending rate at 8.75 percent, citing rising inflation primarily driven by increased global energy prices.
- CBK will keep the benchmark lending rate at 8.75%.
- The Monetary Policy Committee (MPC) made the decision on June 9.
- Kenya’s economic growth forecast for 2026 has been revised downwards to 4.9 percent from 5.3 percent.
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CBK Maintains 8.75pc Rate, Cuts 2026 Growth Forecast - June 2026
The Central Bank of Kenya (CBK) has maintained its benchmark lending rate at 8.75 percent, citing rising inflation primarily driven by increased global energy prices. The CBK has also announced that its next interest rate decision will be contingent upon upcoming inflation data, with a particular focus on food and energy price trends. Separately, the Kenya Revenue Authority (KRA) is preparing to pursue employers who have failed to remit over Sh100 billion in employee deductions for the Affordable Housing Levy.
