Tuesday, February 10, 2026 at 2:36 PM
Kenya's central bank has cut its key lending rate to 8.75% from 9% as part of a continued effort to stimulate private-sector lending and economic growth, with inflation remaining below the target rate.
Uganda’s central bank maintained its key lending rate at 9.75%, citing rising inflationary pressure and high oil prices amid sustained geopolitical uncertainty.
The central bank lowered its key interest rate for a sixth consecutive meeting, but continued to restrain a slowing economy as the country’s costly war on Ukraine approaches its fourth anniversary.
The board of governors voted unanimously to leave the overnight interest-rate target at 7.0%.
Central banker says rate cuts aimed at lifting economy adapting to U.S. trade friction, technological advances might backfire.
