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August 11, 2026
2h ago

CBK Announces Lending Rates Affecting Kenyans' Loans

CBK Announces Lending Rates Affecting Kenyans' Loans

The announcement comes amid pressure from bankers over the lending rates that are now expected to affect all borrowers...

✨ Key Highlights

The Central Bank of Kenya (CBK) has decided to maintain its lending rate at 8.75 per cent, a move influenced by a request from the Kenya Bankers' Association (KBA).

  • The Monetary Policy Committee (MPC) cited rising global economic uncertainties and the risk of higher oil prices as reasons for keeping the rate unchanged.
  • Key player: Central Bank of Kenya (CBK) and the Kenya Bankers' Association (KBA).
  • The decision aims to anchor inflation expectations and maintain exchange rate stability amidst a projected slowdown in global growth.

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