Kenya's Central Bank Reduces Interest Rate to Stimulate Economic Growth

Kenya's central bank has reduced its benchmark interest rate for the tenth consecutive time in an effort to boost economic growth. Bloomberg posted on X, highlighting that the decision comes as inflation remains within the target range set by the bank. The move is aimed at encouraging borrowing and investment, thereby supporting the country's economic expansion. The central bank's consistent rate cuts reflect its commitment to maintaining a favorable economic environment amid global uncertainties. This strategy is expected to provide relief to businesses and consumers, fostering a more robust economic outlook for Kenya.