Core Points - The Central Bank of Kenya (CBK) has lowered the benchmark interest rate for the seventh consecutive time, reducing it from 9.75% to 9.5% [1] - Over the past year, the CBK has decreased the benchmark rate by 350 basis points, marking the lowest level since May 2023 [1] - Despite the reduction in the benchmark rate, commercial bank lending rates remain high [1] - The CBK indicated that there is still room for further monetary policy easing to enhance the effects of previous policies, encourage commercial banks to lend to the private sector, and stimulate economic activity while ensuring inflation expectations and exchange rate stability [1] - The growth rate of private sector credit increased from 2.2% in June to 3.3% in July, recovering from 2.9% in January 2025 [1]
肯央行利率下调至9.5%
Shang Wu Bu Wang Zhan·2025-08-20 04:51