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Originally published by Capital Business
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business
August 10, 2026
4h ago

Why bankers want base lending rate maintained at 8.75pc

Why bankers want base lending rate maintained at 8.75pc

KBA said overall inflation remains within the target range, while domestic economic growth remains resilient, reducing the need to either lower or raise the Central Bank Rate...

✨ Key Highlights

The Kenya Bankers Association (KBA) is advocating for the Central Bank of Kenya (CBK) to maintain the base lending rate at 8.75 percent. This recommendation is based on current economic indicators.

  • The KBA cites stable inflation, resilient economic growth, and a stable Kenyan shilling as reasons to keep the rate unchanged.
  • The Central Bank Rate (CBR) was previously reduced to 8.75 percent in February to stimulate private sector credit growth.
  • The Monetary Policy Committee (MPC) retained the rate in April due to global risks and the need for exchange rate stability.

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