Kenya’s Monetary Policy Committee has held its benchmark lending rate steady, maintaining the Central Bank Rate at 8.75 percent following its meeting on June 9, 2026, amid rising global economic uncertainty. The decision reflects concerns over escalating geopolitical tensions, particularly the conflict in the Middle East, which has disrupted global supply chains and driven up energy and transport costs. The MPC noted that these disruptions have contributed to higher global inflation and weaker growth prospects, with global growth projected to slow to 3.1 percent in 2026 from 3.4 percent in 2025. In its assessment, the Committee warned that elevated trade…
