CBK cuts base lending rate to 9.25pc to boost private sector lending
NAIROBI, Kenya, Oct 7 - The Central Bank of Kenya (CBK) on Tuesday lowered its benchmark lending rate by 25 basis points to 9.25 percent from 9.5 percent, Kenya breaking news | Kenya news today |..
✨ Key Highlights
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9.25 percent from 9.5 percent, aiming to boost private sector lending and economic growth. This marks the eighth consecutive rate cut as inflation remains stable and the economy shows resilience.
- The new base lending rate is 9.25 percent.
- The decision was made by the Monetary Policy Committee (MPC), led by Governor Kamau Thugge.
- Kenya's overall inflation in September stood at 4.6 percent, remaining within the target range.
- Real GDP grew by 5 percent in the second quarter of 2025.
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Kenya Implements New Economic, Financial, and Trade Strategies - October 2025
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9.25 percent to boost private sector lending and economic growth. This marks the eighth consecutive rate cut as inflation remains stable. Separately, Kenya has launched its first comprehensive National Financial Inclusion Strategy (NFIS) 2025-2028, shifting its focus from mere access to promoting the financial health of its citizens. The country is also intensifying efforts to boost agricultural exports to Europe and expand into African markets. This initiative aims to revive the horticultural sector through aligning product standards and eliminating non-tariff barriers.
