Mastering personal finance in Kenya's low-interest rate era

Christian Mwirigi, Stanbic Bank. [File Courtesy, Standard]

In April, the Central Bank of Kenya (CBK) reduced its benchmark lending rate by 75 basis points, bringing it down to 10 per cent. This marked the fifth consecutive cut in its current cycle of monetary easing, a move designed to stimulate economic activity by making credit more accessible and affordable.