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    Wednesday, April 30

    Kenya’s Central Bank lowers base rate further to 10.75 percent

    Muthoga MunganiaBy Bank No Comments2 Mins Read
    A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi. © DR

    The Central Bank of Kenya (CBK) has cut its benchmark lending rate for the fourth monetary policy meeting in a row to 10.75 per cent on Wednesday. The Central Bank Rate (CBR) was lowered by 50 basis points to 10.75 percent, in a bid to promote cheaper loans to support economic growth. “The committee noted...

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    Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.

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