CBK lowers rate amid push for more credit access

The Central Bank of Kenya (CBK) cut its benchmark interest rate on Tuesday and took technical steps designed to push commercial lending costs lower, a move aimed at stimulating the economy and delivering on political promises of affordable credit by the Ruto administration ahead of the 2027 general elections.

 The Monetary Policy Committee (MPC) lowered the Central Bank Rate (CBR) by 25 basis points to 8.75 per cent, marking the tenth consecutive cut since August 2024 and following a similar reduction in December 2025. 

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} else {
teaserEl.innerHTML = “”;
}

activeEl.innerHTML = “”;
paywallEl.style.display = “block”;

} else if (now >= saleStart && now <= saleEnd) {
paywallEl.style.display = “none”;

var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

activeEl.innerHTML = `

Offer ends in…

${days}Days
${String(hours).padStart(2,’0′)}Hours
${String(minutes).padStart(2,’0′)}Minutes
${String(seconds).padStart(2,’0′)}Seconds

Subscribe Now & Save

`;
} else {
teaserEl.innerHTML = “”;
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
}
}

function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
const days = Math.floor(totalSeconds / (3600 * 24));
totalSeconds %= 3600 * 24;
const hours = Math.floor(totalSeconds / 3600);
totalSeconds %= 3600;
const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
}

updateFlashSale();
setInterval(updateFlashSale, 1000);

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The
Central Bank of Kenya
(CBK) cut its benchmark interest rate on Tuesday and took technical steps designed to push commercial lending costs lower, a move aimed at stimulating the economy and delivering on political promises of affordable credit by the Ruto administration ahead of the 2027 general elections.

Follow The Standard
channel
on WhatsApp