CBK Cuts Lending Rate to 9.25%, Discusses IMF Funding as KRA Collects Record Sh85.2bn - October 2025

The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9.25 percent from 9.5 percent. This move, marking the eighth consecutive rate cut, aims to boost private sector lending and economic growth. In parallel, the CBK will hold further discussions with the International Monetary Fund (IMF) in Washington DC next week regarding a new funding package. This follows a two-week visit to Nairobi by an IMF delegation. These financial developments coincide with the Kenya Revenue Authority (KRA) collecting a record Sh85.2 billion in customs revenue in September. The collection, which surpassed the agency's monthly target, was driven by higher petroleum and trade taxes.

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CBK to discuss new funding program with IMF in Washington DC

The Central Bank of Kenya (CBK) will hold further discussions with the International Monetary Fund (IMF) in Washington DC next week regarding a new funding package. This follows a two-week visit by an IMF delegation to Nairobi.