Kenyan Borrowers See Relief As Central Bank Rate Cuts Down Lending Costs

Kenyans are beginning to experience lower borrowing costs following a series of monetary policy adjustments by the Central Bank of Kenya (CBK). The regulator lowered its Central Bank Rate (CBR) from 13.0% to 8.75%, prompting commercial banks to start lowering their interest rates. As a result, average commercial bank lending rates dropped from 15.3% to […] The post Kenyan Borrowers See Relief As…