Kenya’s Lending Rates Drop to 15%—But Borrowers Still Feel the Heat

Kenya’s average bank lending rate fell to 15% in March 2025—the lowest level recorded in over a year—according to fresh data from the Central Bank of Kenya (CBK). The drop follows a series of five Central Bank Rate (CBR) cuts since October 2024, as monetary authorities sought to stimulate credit growth and ease pressure on borrowers. Despite the headline re.......