CBK cuts base lending rate to 9.5pc
NAIROBI, Kenya, Aug 12 - The Central Bank of Kenya (CBK) has lowered its base lending rate by 25 basis points to 9.5 percent, citing stable inflation, a Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Central Bank of Kenya (CBK) has reduced its base lending rate by 25 basis points to 9.5 percent, effective August 12. This decision aims to stimulate economic activity and lower borrowing costs amidst stable inflation and a recovering economy.
- The new base lending rate is now 9.5 percent, down from 9.75 percent.
- The decision was made by the Monetary Policy Committee (MPC) of the CBK on August 12.
- Factors supporting the rate cut include a stable banking sector, adequate foreign exchange reserves covering 4.8 months of imports, and a narrowing current account deficit.
- Diamond Trust Bank Kenya Limited had already lowered its interest rate on shilling-denominated loans from 14.41 percent to 14.21 percent per annum last month.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Kenyan Banks Report Profit Growth as CBK Cuts Lending Rate to 9.5% - August 2025
The Central Bank of Kenya (CBK) has reduced its base lending rate by 25 basis points to 9.5 percent, a decision effective August 12 aimed at stimulating economic activity. In related financial news, Equity Group announced a 17 percent rise in its half-year net profit to Sh34.6 billion for the period ending June 2025, driven by growth in its regional subsidiaries. Absa Bank Kenya also announced a significant 9 percent increase in its net profit, reaching KSh 11.7 billion for the first half of the year, citing strong operational resilience.
