Kenya central bank lowers 2026 growth forecast to 5.4%
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FILE PHOTO: A general view shows the Central Bank of Kenya headquarters building along Haile Selassie Avenue in Nairobi, Kenya November 28, 2018. REUTERS/Njeri Mwangi//File Photo
NAIROBI (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 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.
(Reporting by George Obulutsa;Editing by Alexander Winning)
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