Kenya Cuts Key Rate for Seventh Time in Row to Bolster Economy

Kenya central bank cuts rates for seventh time with inflation in target

Kenya's central bank lowered its benchmark lending rate by 25 basis points on Tuesday, saying there was room to ease monetary policy further as inflation remains well within target.

Kenya Cuts Key Rate for Seventh Time in Row to Bolster Economy

The Central Bank of Kenya cut its benchmark interest rate for the seventh time in a row to boost private-sector lending and economic growth as inflation remains within target.

Kenya’s Central Bank Cuts Lending Rate Again

Kenya’s central bank has trimmed its benchmark lending rate by 25 basis points, marking the seventh consecutive cut, in a move aimed at stimulating private sector lending and supporting economic momentum. The Central Bank of Kenya (CBK) announced on Tuesday that the policy rate would drop from 9.75% to 9.50%. The decision aligned with the median forecast in a recent Reuters poll of economists. In its statement, the CBK’s Monetary Policy Committe…

Kenya's Inflation Remains Subdued As Central Bank Cuts Rates For Longest Easing Cycle

The Central Bank of Kenya (CBK) has extended its longest uninterrupted easing cycle to support economic growth and stimulate private-sector lending. The apex bank announced a reduction in the benchmark interest rate to 9.5% from 9.75%. This move, effective immediately, matches the median estimate of six economists in a Bloomberg survey and comes amid subdued […] The post Kenya’s Inflation Remains Subdued as Central Bank Cuts Rates for Longest Ea…

CBK Lowers Lending Rates For All Kenyan Banks Again

The Kenya Times ~ Trending, Breaking News and Videos CBK Lowers Lending Rates for All Kenyan Banks Again The Central Bank of Kenya (CBK) has lowered the Central Bank Rate (CBR) by 25 basis points to 9.50 percent from 9.75 percent, marking the seventh consecutive cut in one year. The cut in the CBR means Kenyan banks are expected to reduce their lending rates further, lowering the cost of loans for businesses and households. According to a report…

Kenya central bank cuts key lending rate to 9.50%