JUST IN: Banks Slash Loan Rates After CBK Cuts Base Rate to 10% 

  Commercial banks in Kenya have begun lowering their lending rates following the Central Bank of Kenya’s (CBK) recent move to slash its base rate by 75 basis points, bringing it down to 10 percent. The regulator announced the cut as part of efforts to boost private sector activity and make credit more accessible amid a high-cost economic environment. This latest reduction marks the fifth consecutive rate cut since August 2024, when the CBK’s benchmark rate stood at 12.75 percent. In total, the central bank has now cut the rate by 2.75 percent over the past nine months. The policy shift has started to yield action on the ground. KCB Bank
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