Kenyan banks are urging the Central Bank of Kenya (CBK) to reduce its benchmark lending rate today, arguing that current economic conditions allow for cheaper credit to stimulate lagging private sector growth.

• The Kenya Bankers Association (KBA) is pushing for a cut in the Central Bank Rate (CBR) from its current 9.50 percent.
• The industry lobby believes that low inflation and a stable Shilling create a favorable environment for this reduction.
• The CBK's Monetary Policy Committee (MPC) is set to meet today to make this decision.