The Central Bank of Kenya (CBK) has cut its policy rate from 9.75 percent to 9.5 percent, piling pressure on commercial banks to lower their loan interest rates in order to stimulate private sector lending and growth of the economy.
This is the seventh consecutive cut in the Central Bank Rate (CBR), coming amid a slow recovery in private sector credit and a stubbornly high non-performing loans (NPL) loan ratio of 17.6 percent as of June 2025.
