Kenya: Kenya Cuts Lending Rate by 0.25% as Inflation Falls, Shilling Stays Steady

In a move to ease the financial burden on borrowers, the Central Bank of Kenya (CBK) has reduced the lending rate by 0.25 per cent, setting it at 12.75 per cent. 

This marks the first rate cut since March 2020, signalling a significant shift in the country’s monetary policy. The decision, announced on Tuesday, August 6, by CBK Governor Kamau Thugge, reflects a cautious yet optimistic outlook on Kenya’s economic landscape.

The Monetary Policy Committee (MPC) of the CBK made the decision…