CBK slashes lending rate to 9.25%, eighth consecutive cut since 2024

CBK to discuss new funding program with IMF in Washington DC

The Central Bank of Kenya (CBK) will hold further discussions with the International Monetary Fund (IMF) in Washington DC next week regarding a new funding package. This follows a two-week visit by an IMF delegation to Nairobi.

CBK Cuts Benchmark Rate to 9.25%

The Central Bank of Kenya (CBK) has cut its benchmark rate by 25 basis points to 9.25%, marking the eighth consecutive reduction and the lowest level since January 2023. This decision aims to stimulate lending and economic recovery while maintaining inflation stability as inflation stood at 4.6% in September.

CBK cuts base lending rate to 9.25pc to boost private sector lending

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.

CBK cuts key lending rate, defies banks' calls for sharper cuts

The Central Bank of Kenya (CBK) has reduced its benchmark lending rate, opting for a smaller cut than requested by commercial banks. This decision highlights a growing disagreement over borrowing costs amidst slowing economic growth in Kenya.

Relief on Loans as CBK Cuts Lending Rates

Kenyans can anticipate continued access to more affordable loans as the Central Bank of Kenya (CBK) announced a further reduction in borrowing rates. The Monetary Policy Committee (MPC) cut the Central Bank Rate (CBR), the benchmark for commercial bank lending, by 25 basis points.