The Central Bank of Kenya has lowered its lending rate to 9.50 per cent, marking yet another cut as the economy continues to recover following last year's protests. CBK cut the rate from 9.75 per cent, which is in line with the country's lowest ever rate amid a changing global economy.
The decision made on Tuesday spells hope for Kenyans seeking cheaper loans. "The Monetary Policy Committee (MPC) decided to lower the Central Bank Rate (CBR) by 25 basis points to 9.50 per cent from 9.75 per cent, during its meeting held on August 12, 2025," CBK said in a statement to the media.
More to follow...
