Kenya’s economy expected to see 5.5% growth in ’25

Kenya’s economy is expected to grow by 5.5 per cent in 2025, closely aligning with this year’s 5.4 per cent growth rate, according to central bank Governor Kamau Thugge on Wednesday.

This forecast follows the Central Bank of Kenya (CBK) decision to lower its benchmark lending rate by 25 basis points, marking its first rate cut in approximately four years.

The Central Bank Rate has been adjusted to 12.75 per cent following a decline in inflation below the midpoint of the government’s preferred range of 2.5-7.5 per cent.

Attribution: Reuters