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Kenya Cuts Key Rate as Credit Growth Remains Sluggish

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© Allen Dreyfus

Herald Aloo

Herald Aloo, a journalist based in Nairobi, covers Kenya's economy, focusing on banking, and energy.
  • CBK trims policy rate to 10% in fifth consecutive cut
  • Lending growth remains muted despite inflation stability

Nairobi, Kenya – The Central Bank of Kenya has lowered its benchmark interest rate by 75 basis points to 10%, marking the fifth straight cut since August 2024 in a bid to stabilise the shilling and revive credit growth in the private sector.

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