Central Bank lowers key rate to 9.5pc

CBK's Monetary Policy Committee has lowered its benchmark rate to 9.50 per cent...
✨ Key Highlights
The Central Bank of Kenya's Monetary Policy Committee has lowered its benchmark rate to 9.50 per cent, continuing its strategy to stimulate lending and economic growth. This decision was made during its meeting on Tuesday, citing favorable inflation and a positive short-term economic outlook.
- The CBK cut the Central Bank Rate by 25 basis points from 9.75 per cent.
- According to CBK Governor Kamau Thugge, Kenya's economy grew by 4.9 per cent in the first quarter of 2025.
- Lending by commercial banks to the private sector improved to 3.3 per cent in July 2025, up from 2.2 per cent in June.
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