Central Bank of Kenya Lowers Policy Rate to 11.25% as Headline Inflation Eases
Central Bank of Kenya Governor addressing financial journalists during the Monetary Policy briefing in Nairobi.
Audio By Vocalize
The Central Bank of Kenya (CBK) Monetary Policy Committee (MPC) lowered the benchmark policy rate from 12.00% to 11.25% on Thursday, underscoring growing confidence in macroeconomic stabilization.
Central Bank Governor noted that overall national inflation had dropped to 4.1%, comfortably positioned within the government’s target band of 2.5% to 7.5%.
"The easing of monetary policy is aimed at stimulating private sector credit growth, spurring manufacturing expansion, and lowering capital financing costs for Kenyan businesses," the Governor briefed reporters.
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