CBK Cuts Lending Rate, Eases Loan Costs for Kenyans
The Central Bank of Kenya (CBK) has reduced the policy lending rate, cutting the base lending rate by 25 basis points, and lowering it from 13 percent to 12.75 percent. This decision came in response to a drop in inflation to manageable levels, strong economic growth, and improved global macroeconomic conditions. The rate reduction is…