Kenya’s Central Bank Trims Rates Again as Inflation Stays on Track
Kenya's Monetary Policy: A Balancing Act of Growth and Stability
As the bustling streets of Nairobi teem with life, a subtle yet powerful shift is taking place within the financial corridors of Kenya. The Central Bank of Kenya (CBK), located at the heart of Haile Selassie Avenue, has made a decisive move: reducing its benchmark lending rate by 25 basis points. This significant decision marks the seventh consecutive cut, bringing the rate to 9.50%, a strategic gesture aimed at nurturing economic growth while keeping…