2 days ago
Kenya central bank lowers 2026 growth forecast to 5.4%
NAIROBI, June 11 (Reuters) - Kenya's central bank has lowered its 2026 economic growth forecast to 5.4% from a 5.6% forecast given in April, its governor Kamau Thugge said on Wednesday.
On Tuesday the Central Bank of Kenya reduced its 2025 growth forecast to 5.2% from 5.4% as it cut its benchmark lending rate (KECBIR=ECI), opens new tab for the sixth meeting in a row, saying it wanted to provide further support to the economy.
The Central Bank Rate was lowered by 25 basis points (bps) to 9.75%, whereas its previous cut was by a larger 75 bps.
