Central Bank Governor on making policy decisions under uncertainty

The Central Bank of Kenya (CBK) held its monetary policy meeting and maintained its benchmark lending rate at 8.75% amid jitters about the impact of global oil prices on inflation. Governor Kamau Thugge fielded questions on navigating a policy landscape fraught with high oil prices and second-round effects. He also discussed ongoing discussions with the World Bank for a DPO and emergency financing, and stated that the Finance Bill 2026 proposals are not expected to affect inflation.