- Benchmark rate cut to 8.75%, tenth easing
- Lending growth rebounds, inflation remains contained
Nairobi, Kenya – Kenya’s central bank cut its benchmark interest rate to a more than three-year low on Tuesday, citing stronger bank balance sheets and a steady recovery in private-sector credit growth.
The Monetary Policy Committee (MPC) of the Central Bank of Kenya (CBK) lowered the Central Bank Rate (CBR) by 25 basis points to 8.75%, marking its tenth consecutive cut in the current easing cycle.
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