Central Bank of Kenya Cuts CBR to 8.75% in Tenth Consecutive Reduction

The Central Bank of Kenya reduced its Central Bank Rate by 25 basis points to 8.75% on 10 February 2026, extending an easing campaign that has now run to ten successive cuts. The Monetary Policy Committee lowered the rate despite calls from the Kenya Bankers Association to hold it at 9%.

The MPC said the cut was intended to support private sector lending.

INDUSTRY CALLED FOR A HOLD

The Kenya Bankers Association had lobbied ahead of the February meeting for the MPC to hold the rate at 9%.

The CBK's primary mandate is price stability, alongside supporting economic activity.