CBK holds the Central Bank Rate at 8.75%
At its October meeting, the Monetary Policy Committee maintained the Central Bank Rate at 8.75%.
What the source says
The Central Bank of Kenya's Monetary Policy Committee retained the Central Bank Rate at 8.75% at its 7 October meeting. Its statement reported September inflation of 6.8%, within the target range, and average commercial-bank lending rates of 14.4% in September. The committee said the current policy stance remained appropriate to support stable inflation expectations and the exchange rate. It also highlighted the need to monitor global oil prices and their effects. For business budgeting, the policy benchmark and the actual rate charged on a borrowing facility are distinct figures.
Who should take a closer look?
Businesses reviewing borrowing costs, financing plans and cash-flow assumptions.
Review actual bank pricing and loan terms when updating finance forecasts; do not substitute the CBR for a contractual lending rate.
An editorial suggestion for review, not an additional requirement imposed by the authority.This summary reflects the linked source at the review date. It is general information; the full notice and your circumstances determine its application.
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