Key facts
- Kenya's central bank has kept its key interest rate unchanged at 13.00%.
- This decision marks the seventh consecutive meeting where the rate has remained steady.
- The Monetary Policy Committee cited persistent inflation and the need to anchor inflation expectations as reasons for the hold.
- The committee observed that inflation, while still elevated, has shown signs of moderating.
- Global economic developments and their potential impact on Kenya's economy were also considered.
The Central Bank of Kenya has opted to maintain its benchmark interest rate at 13.00%, a decision that has now been consistent for seven consecutive meetings. The Monetary Policy Committee (MPC) stated that the hold was necessary due to persistent inflationary pressures and the ongoing need to anchor inflation expectations.