The Central Bank of Kenya (CBK) has followed its previous seven rate cuts with a further 0.25 percentage points reduction in the benchmark as it seeks to further aid the recovery of lending to businesses and households.
CBK’s benchmark lending rate, the Central Bank Rate (CBR), has eased further to 9.25 percent from 9.5 percent, making it the eighth consecutive interest rate cut by the monetary authority since August 2024.
