Kenya's central bank kept its benchmark lending rate at 8.75% on Tuesday, June 9, 2026, as expected by economists, and said it would monitor the impact of global oil prices on inflation.
The Monetary Policy Committee (MPC) voted to hold the rate, citing stable inflation within the target range and a need to assess the effects of recent oil price increases. The bank noted that while inflation remained moderate, rising energy costs could pose future risks.
Economists polled by Reuters had predicted the hold, with many pointing to the central bank's cautious approach amid global economic uncertainty. The decision marks the third consecutive meeting where the rate has been kept unchanged.
Central Bank Governor Kamau Thugge stated that the committee would continue to monitor data closely and adjust policy as needed to maintain price stability and support economic growth.
