Kenya Central Bank Holds Rate at 8.75 Percent
The Central Bank of Kenya maintained its benchmark lending rate at 8.75 percent for the fourth consecutive meeting. Officials noted inflation remains within target despite rising to 6.8 percent in September.
Kenya maintained its benchmark lending rate at 8.75% during Wednesday's policy meeting, keeping borrowing costs steady for the fourth consecutive time. The decision aligned with expectations as inflation held within the official target range despite recent upward pressure. Investors are tracking central bank policy as authorities balance economic growth support against currency and price stability.
