CBK Cuts Benchmark Rate to 8.75% to Boost Lending and Economic Growth
The Central Bank of Kenya (CBK) has cut its benchmark lending rate by 25 basis points, lowering the Central Bank Rate (CBR) to 8.75 per cent in a move aimed at boosting credit uptake in the private sector and sustaining economic expansion. The decision was reached by the Monetary Policy Committee (MPC) during its meeting…