Kenyan economic growth seen steady at 5.5% in 2025, central bank says

NAIROBI: Kenya’s economy is projected to grow 5.5% in 2025, at a similar rate to this year’s 5.4% growth, central bank Governor Kamau Thugge said on Wednesday.

The forecast for next year’s growth comes a day after the Central Bank of Kenya cut its benchmark lending rate by 25 basis points, the first rate cut in about four years.

Kenyan shilling firms to new 1-year high

The Central Bank Rate was reduced to 12.75% after inflation fell below the midpoint of the government’s preferred range of 2.5%-7.5%.