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CBK cuts lending rate to 9.5%, urges banks to ease credit

video
C
Citizen TV (Youtube)
August 13, 2025
2mo ago
Kenyan borrowers have received relief after the Central Bank cut its base lending rate to 9.5 percent from 9.75 percent, the second reduction since June. The move is aimed at pushing commercial banks to lower their double-digit lending rates and align with global trends of easing