Kenya's central bank cuts benchmark rate to boost economic growth

NAIROBI, Feb. 6 (Xinhua) -- The Central Bank of Kenya (CBK) on Wednesday reduced its benchmark lending rate to 10.75 percent from 11.25 percent to boost economic growth.

The performance of Kenya's economy slowed down in the third quarter of 2024 with Gross Domestic Product growing by 4.0 percent, down from 6.0 percent a year ago, said CBK Governor Kamau Thugge, who chaired the Monetary Policy Committee (MPC) mee