In a decisive move to stimulate economic growth, the Central Bank of Kenya (CBK) has lowered its benchmark interest rate to 10%, a drop from the previous rate of 10.75%. This strategic adjustment, effective as of April 2025, marks the first such change since February 2025, when rates were last adjusted.
The decision to cut interest rates reflects the CBK's response to evolving economic conditions and the need to bolster lending and investment within the country. Lower borrowing costs can provide a much-needed boost to both consumers and businesses, potentially leading to improved economic activity and greater financial stability.
The latest data, updated on April 8, 2025, suggests that this policy shift aims to navigate the challenges posed by global economic uncertainties while supporting sustainable growth within the nation. The central bank's proactive approach indicates a commitment to fostering a conducive environment for economic expansion and resilience.
