- CBK’s sixth rate cut in a year follows improved inflation and currency stability
- Private sector credit picks up but banks still favour government debt
Nairobi, Kenya – The Central Bank of Kenya (CBK) lowered its benchmark lending rate by 25 basis points to 9.75% on Thursday, defying market expectations for a hold and extending its monetary easing cycle for the sixth time in under a year. Cumulative rate cuts now total 3% since August 2024.
This article is free to read.
Sign up for free or sign in to continue reading.
Unlike our competitors, we don't force you to pay to read the news but we do need your email address to make your experience better.
Create your free account or sign in
