JUST IN: CBK Lowers Interest Rates for Fourth Time Amid Slowing Economy 

  Kenya’s Central Bank has once again slashed its main interest rate, marking the fourth consecutive reduction in a bid to stimulate lending and boost economic growth. Governor Kamau Thugge announced on Wednesday that the Monetary Policy Committee (MPC) had lowered the key rate to an almost two-year low of 10.75%, down from 11.25%. This decision aims to address a slowdown in economic activity observed during the first half of 2024. In its report released on February 5, the MPC cited decelerating economic growth as a primary factor behind the rate cut. The committee noted that overall inflation is expected to
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