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Kenya’s Central Bank Makes Largest Rate Cut in Four Years

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  • Central Bank reduces benchmark rate by 75 basis points to 12% amid stable inflation and exchange rates
  • Private sector credit growth slumps as CBK aims to boost economic activity

Nairobi, Kenya – Kenya’s central bank has slashed its benchmark interest rate by 75 basis points to 12%, citing stable inflation and exchange rates as it aligns with bankers’ calls for lower rates to stimulate private sector lending.

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