• The Central Bank of Kenya lowers its policy rate by 25 basis points to 9.25%
• Move aims to boost private sector lending and support economic activity
• This marks the eighth consecutive rate cut since August 2024
The Central Bank of Kenya (CBK) has reduced its policy rate by 25 basis points to 9.25% following the meeting of its Monetary Policy Committee (MPC) held on October 7.
The committee stated that the decision aims to reinforce previous measures intended to stimulate bank lending to the private sector and support economic activity, while ensuring that inflation expectations remain firmly anchored and the exchange rate stays stable.
This latest reduction marks the eighth consecutive policy rate cut since August 2024.
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