CBK Cuts Benchmark Rate to 8.75% to Boost Lending and Economic Growth

The Central Bank of Kenya (CBK) has cut its benchmark lending rate by 25 basis points, lowering the Central Bank Rate (CBR) to 8.75 per cent in a move aimed at boosting credit uptake in the private sector and sustaining economic expansion.

The decision was reached by the Monetary Policy Committee (MPC) during its meeting held on February 10, 2026, against a backdrop of stable inflation and a resilient economic outlook.

Policymakers noted that price pressures remain well anchored, creating room for a more accommodative monetary stance to support growth.

In a statement following the meeting, the MPC chair confirmed that the committee had resolved to reduce the CBR from 9.00 per cent to 8.75 per cent, signaling continued commitment to encouraging lending while safeguarding macroeconomic stability.

The rate cut is expected to ease borrowing costs, stimulate investment, and reinforce momentum in key sectors of the economy.