Bankers Urge CBK to Hold Interest Rates Ahead of April MPC Meeting

The Kenya Bankers Association (KBA) has urged the Central Bank of Kenya (CBK) to maintain the benchmark policy rate at 8.75% ahead of the Monetary Policy Committee (MPC) meeting scheduled for April 8. The KBA cited rising global risks and inflation pressures, with headline inflation reaching 4.4% in March, driven by higher food and transport costs. While Kenya's economic recovery is ongoing, private sector activity is showing signs of slowing due to geopolitical uncertainties.