The Central Bank of Kenya (CBK) has lowered its benchmark lending rate by 25 basis points to 9.75 percent, aiming to boost credit uptake and support economic activity.
The decision by the Monetary Policy Committee (MPC) marks a shift toward a more accommodative stance, as the economy shows signs of resilience amid moderated inflation and a stabilizing exchange rate.
CBK Governor Kamau Thugge said the policy move is intended to spur private sector lending and investment while maintaining macroeconomic stability.
“There remains room for further easing to complement earlier measures,” he noted in a statement.
The MPC highlighted its readiness to adjust the policy stance further if needed, in response to evolving domestic and global economic conditions.
The Committee will meet again in August to assess the impact of this rate cut and determine the next steps for monetary policy.
