The MPC noted that overall inflation remained within the target range and decided to maintain the policy rate to support economic stability.
The Monetary Policy Committee (MPC) met on December 5, 2025, to review the outcome of its previous policy decisions and recent economic developments.
Key Highlights:
The Committee noted that overall inflation remained within the target range of 5±2.5 percent in November 2025, supported by lower food prices following favorable weather conditions and stable fuel prices.
The MPC observed that the foreign exchange market had stabilized, with the Kenya Shilling showing resilience against major currencies. Foreign exchange reserves remained adequate at USD 9.2 billion, equivalent to 4.8 months of import cover.
Economic Growth Outlook:
The economy continues to show resilience, supported by:
- Strong performance in the services sector
- Recovery in agriculture following favorable weather
- Improved business and consumer confidence
The MPC decided to maintain the Central Bank Rate (CBR) at 9.00 percent. This decision aims to:
- Support the ongoing economic recovery
- Maintain price stability
- Ensure financial sector stability
The Committee will continue to monitor global and domestic economic developments and stands ready to take additional measures as necessary.