Kenyans are set to continue accessing cheaper loans for the next two months following the Central Bank of Kenya's (CBK) decision to lower the base lending rate for the sixth successive time since August last year.
CBK, in its latest Monetary Policy Committee (MPC) report published on Tuesday, June 10, announced that it had reduced the base lending rate by 25 basis points to 9.75 per cent from 10.00 per cent.
According to CBK Governor Kamau Thugge, the decision to lower interest rates was to stimulate lending by banks to the private sector and support economic activity while ensuring exchange rate stability. Thugge also revealed that the banking sector remains stable and resilient, with strong liquidity and capitaladequacy ratios.
The ratio of gross non-performing loans (NPLs) to gross loans stood at 17.6 percent in April 2025 compared to 17.2 percent in February.
