{"id":484611,"date":"2026-06-09T21:47:13","date_gmt":"2026-06-09T21:47:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/484611\/"},"modified":"2026-06-09T21:47:13","modified_gmt":"2026-06-09T21:47:13","slug":"kenyas-central-bank-maintains-main-lending-rate-at-8-75","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/484611\/","title":{"rendered":"Kenya&#8217;s central bank maintains main lending rate at 8.75%"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"466\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/06\/WOOUOIZQGRNUFLZVX6TQHONPMM.jpg\" alt=\"\" class=\"wp-image-643427\" style=\"width:840px;height:auto\"  \/>A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS\/Njeri Mwangi<\/p>\n<p class=\"wp-block-paragraph\">NAIROBI, June 9 (Reuters)\u00a0\u2013\u00a0Kenya\u2019s central bank\u00a0kept\u00a0its benchmark lending rate\u00a0at 8.75% on Tuesday, the bank\u2019s monetary policy committee said.<\/p>\n<p class=\"wp-block-paragraph\">Economists polled by Reuters had predicted the bank would hold the rate for the second policy meeting in a row.<\/p>\n<p class=\"wp-block-paragraph\">Inflation rose sharply in April and May, driven by fuel price hikes triggered by the surge in global energy costs linked to the Iran war.<\/p>\n<p class=\"wp-block-paragraph\">At 6.7% year on year last month\u00a0inflation is approaching the top of the government\u2019s preferred 2.5%-7.5% range.<\/p>\n<p class=\"wp-block-paragraph\">The Central Bank of Kenya on Tuesday revised down its economic growth forecast for this year to 4.9% from a previous projection of 5.3%.<\/p>\n<p>Choose <a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbcafrica.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" class=\"underline font-semibold hover:no-underline\" aria-label=\"Choose CNBC Africa as your preferred source on Google\">CNBC Africa<\/a> as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/p>\n","protected":false},"excerpt":{"rendered":"A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya&hellip;\n","protected":false},"author":2,"featured_media":484612,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,35684,85,46],"class_list":["post-484611","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-east-africa","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/484611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=484611"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/484611\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/484612"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=484611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=484611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=484611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}