Kenya’s central bank reduced its benchmark interest rate by 25 basis points to 8.75 percent on Tuesday, marking the tenth consecutive rate cut and pushing borrowing costs to their lowest level in three years.
The Monetary Policy Committee (MPC) lowered the rate from nine percent last December,
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Bunmi Bailey
Bunmi holds a degree in Economics from the University of Lagos and has over eight years of experience in content writing and journalism.
Her career spans roles as a financial and business journalist at BusinessDay Media and TechCabal, and as Head of Research at SBM Intelligence, an Africa-focused market intelligence and strategic consulting firm.
She also served as Editor at Finance in Africa, a subsidiary of Businessfront and is currently Assistant Editor, Finance (Africa), at BusinessDay.
