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Originally published by Capital Business
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business
June 11, 2025
3mo ago

CBK urges lower lending rates as CBR drops to 9.75pc

CBK urges lower lending rates as CBR drops to 9.75pc

NAIROBI, Kenya, June 11 - The Central Bank of Kenya (CBK) expects commercial banks to continue lowering their lending rates following its decision on Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Central Bank of Kenya (CBK) has cut the Central Bank Rate (CBR) by 25 basis points, from 10 percent to 9.75 percent, urging commercial banks to lower their lending rates to stimulate economic growth.

  • CBR reduced to 9.75 percent
  • Kamau Thugge, Governor of CBK
  • Lending rates have decreased from 17.2 percent in November to 15 percent in May

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Part of the Day's Coverage

Kenya Economic Developments and Banking Expansion

Family Bank opens 96th branch in Coast. CBK reduces lending rates to 9.75pc. World Bank revises Kenya's economic growth to 4.5pc.

Family Bank opens 96th branch, expands Coast presence
Family Bank opens 96th branch, expands Coast presence

Capital Business

World Bank revises Kenya’s 2025 economic growth to 4.5pc from 5pc
World Bank revises Kenya’s 2025 economic growth to 4.5pc from 5pc

Capital Business

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