CBK cuts lending rate to 9pc to spur credit uptake
NAIROBI, Kenya, Dec 9 - The Central Bank of Kenya (CBK) has cut its benchmark lending rate by 25 basis points to 9 percent, marking its second consecutive 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 percent, aiming to boost credit uptake and economic activity. This marks the second consecutive rate cut as Kenya's economy shows signs of stabilization.
- The new lending rate is 9 percent, down from 9.25 percent.
- The Monetary Policy Committee (MPC) announced the decision, citing easing inflation and improved private-sector credit.
- Kenya's overall inflation fell to 4.5 percent in November, remaining within the CBK's target range.
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CBK Cuts Lending Rate to 9 Percent; NCBA Holds Awards Amid Increased Crypto Use - December 2025
The Central Bank of Kenya (CBK) has reduced its benchmark lending rate by 25 basis points to 9 percent. This marks the second consecutive rate cut and aims to boost credit uptake and economic activity. Concurrently, a new report by Bybit reveals that Kenyans are increasingly using cryptocurrency, especially Stablecoins, for remittances and cross-border payments due to lower transaction costs and faster settlement. In other sector news, NCBA Group held its 2025 Johari Awards grand finale in Nairobi. The event honored top performers in Asset Finance, Insurance Premium Finance (IPF), and Bancassurance, recognizing excellence across various regions of Kenya.
