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Originally published by Capital Business
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business
June 10, 2025
3mo ago

CBK cuts lending rate to 9.75pc to spur credit

CBK cuts lending rate to 9.75pc to spur credit

NAIROBI, Kenya, June 10 – The Central Bank of Kenya (CBK) has lowered its benchmark lending rate by 25 basis points to 9.75 percent, aiming to boost Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9.75% to encourage credit growth and boost economic activity.

  • The new rate aims to spur private sector lending and investment.
  • CBK Governor Kamau Thugge emphasized the need for further easing if necessary.
  • The Monetary Policy Committee plans to meet again in August to assess the rate cut's impact.

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Part of the Day's Coverage

Kenya's Economic Developments and Initiatives

Nairobi hosts forum on family wealth; CBK cuts lending rate to 9.75% and Pesapal partners to digitize small businesses.

Nairobi hosts forum on family wealth and governance
Nairobi hosts forum on family wealth and governance

Capital Business

Pesapal, RACK partner to digitize small businesses
Pesapal, RACK partner to digitize small businesses

Capital Business

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