CBK Governor Dr. Kamau Thugge before the National Assembly’s Committee on Finance and National Planning in regards to the implementation of Central Bank Rate (CBR) at Bunge Towers,Parliament,Nairobi . March 25th,2025 [Elvis Ogina,Standard}
The Central Bank of Kenya (CBK) has cut its benchmark lending rate in a move aimed at stimulating credit to businesses and households ahead of the crucial Christmas spending period later this month, while betting that inflation will remain subdued.
The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) by 25 basis points to 9.00 per cent from 9.25 per cent at its last meeting of the year, marking a continuation of its easing cycle designed to support economic growth.
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The Central Bank of Kenya (CBK) has cut its benchmark lending rate in a move aimed at stimulating credit to businesses and households ahead of the crucial Christmas spending period later this month, while betting that inflation will remain subdued.
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By Brian Ngugi