- Central bank lowers benchmark rate to lowest level since January 2023
- Policymakers bet on credit growth as inflation and markets stabilise
NAIROBI, KENYA – Kenya’s central bank cut its benchmark interest rate by 25 basis points to 9%, deepening its pivot towards policy easing as inflation cools and lending conditions improve.
The Central Bank of Kenya (CBK) lowered the Central Bank Rate (CBR) from 9.25% to 9%, its lowest level since January 2023, citing easing price pressures, stable financial markets and a stronger economic outlook.
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