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Originally published by Capital Businessbusiness
July 21, 2025
7mo ago
DTB heeds to CBK’s directive, cuts base rate to 14.21pc
NAIROBI, Kenya, July 21 - Diamond Trust Bank Kenya Limited (DTB) has cut the base lending rate for Kenyan shilling-denominated credit facilities, reducing Kenya breaking news | Kenya news today |..
✨ Key Highlights
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.
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