Getting your Trinity Audio player ready...
|
The cost of credit is expected to reduce in coming days following a decision by the Central Bank of Kenya to lower the benchmark lending rate by 75 basis points to 10pc.
This is the lowest rate since May 2023 and marks the fourth consecutive benchmark lending rate cut by the Monetary Policy Committee.
The move is expected to ease the cost of borrowing, offering relief to businesses and households as the central bank seeks to stimulate economic activity amid easing inflation.