Diamond Trust Bank Kenya Limited has reduced its base lending rate from 14.41 percent to 14.21 percent, effective July 1, 2025, in response to the Central Bank of Kenya's recent monetary policy adjustments.

• The base rate cut aligns with the Central Bank of Kenya's decision to lower its benchmark rate from 10 percent to 9.75 percent.
• Kamau Thugge, Governor of the CBK, emphasized the importance of affordable credit for small and medium enterprises and households.
• This marks the sixth consecutive rate cut by the CBK as part of a strategy to stimulate economic recovery and credit growth.

The job market in the UK is showing signs of weakness, with rising unemployment rates and stagnating recruitment linked to escalating labor costs and U.S. tariff threats.

• Unemployment rate for those aged 16 and over increased to 4.7% during the March-May period of 2025, the highest in nearly four years.
• Comments from David Bharier, head of research at the British Chambers of Commerce, highlight challenges in recruitment due to labor costs.
• Small businesses face alarming trends with 20% shedding staff in the second quarter of 2025, marking a significant shift in employment outlook.