Central Bank lowers base lending rate to 9%
Monetary Policy Committee of the Central Bank has, for the 9th consecutive time, cut the base lending rate from 9.25 per cent to 9 per cent
The Monetary Policy Committee of the Central Bank has, for the 9th consecutive time, cut the base lending rate from 9.25 per cent to 9 per cent, signalling further monetary easing in the Kenyan market.
The committee, which sat for the final time this year, resolved to cut the base lending rate by 25 basis points, bringing the cumulative rate cut to 400 basis points, the highest interest rate cut in Kenya’s history.
Mike Sonko unveils new political party
Raila had secret plan to make Ruto one term president – Former Azimio chief agent
KeNHA announces several job opportunities; How to apply
Kipchoge Keino Stadium to be re-named William Ruto Stadium
According to Central Bank Governor Kamau Thugge, the move will boost previous policy actions aimed at stimulating lending by banks to the private sector and supporting economic activity, with the Central Bank noting that lending to the private sector had improved to 6.3 per cent in November, up from 5.9 per cent in October.
The CBK further expressed optimism that the revised banking sector risk-based credit pricing model, which will be fully operational by March 2026, will improve the transmission of monetary policy decisions to commercial banks’ lending interest rates and enhance transparency in the pricing of loans by banks.
Ruto approves hotels construction in Tsavo West National Park, calls for higher park fees
Five activists arrested outside Tanzania embassy in Nairobi
Court orders exhumation of slain orphan girl’s body killed in Garissa
Kenya deploys 230 more police officers to Haiti
NTSA suspends licences for drivers across six major saccos in latest crackdown
Follow us
