Kenya’s central bank has left its main lending rate unchanged at 8.75 percent, holding off on more hikes even as inflation pushes higher and household budgets feel the strain.
Kenya’s Central Bank has kept its key rate unchanged at 8.75 percent, resisting calls for cheaper credit as inflation edges close to the government’s upper target.
Kenya’s private sector is feeling the sharpest jump in costs in nearly three years. Inflation and supply snags are putting the country’s economic recovery at risk.
Emerging-market assets are falling. Investors are reacting to higher oil prices and mixed signals from central banks. Inflation and debt risks are back in focus.
A detailed investigation reveals the stark price differences for popular hairstyles across Lagos, Abuja, Ibadan and Port Harcourt, exposing the true cost of beauty in Nigeria’s urban centres.
Kenya’s central bank left its main interest rate unchanged for the fourth meeting in a row, even as inflation climbed to its highest level since early 2024.
