CBK Maintains Lending Rate at 8.75 per cent Amid Pressure from Banks

The Central Bank of Kenya (CBK) retained its benchmark lending rate at 8.75% after the June 9, 2026 meeting, providing slight relief for borrowers. The Monetary Policy Committee stated the current policy remains appropriate despite global and domestic risks. Kenya's inflation jumped to 6.7% in May 2026 from 5.6% in April, driven by higher fuel and gas prices. CBK cited rising global inflationary pressures linked to the Middle East conflict as part of its reasoning.