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October 2, 2026
1w ago

Bankers Make New Demands to CBK Amid Fuel Price Concerns

Bankers Make New Demands to CBK Amid Fuel Price Concerns

The bankers have warned of risks to economic recovery due to higher fuel and food prices, rising production costs, and transport costs...

✨ Key Highlights

The Kenya Bankers Association (KBA) is urging the Central Bank of Kenya (CBK) to maintain the Central Bank Rate (CBR) at 8.75% during the upcoming Monetary Policy Committee (MPC) meeting on Wednesday, October 7, 2026.

  • The KBA believes holding the rate will support private sector credit recovery and economic activity.
  • Headline inflation has risen to 6.8% in September, driven by food and transport costs, but remains within the CBK's target range.
  • The banking lobby cited economic growth, with real GDP expanding by 5.3% in Q1 2026, as another reason to keep the rate unchanged.

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