NAIROBI, Kenya, July 21 – Diamond Trust Bank Kenya Limited (DTB) has cut the base lending rate for Kenyan shilling-denominated credit facilities, reducing it from 14.41 percent to 14.21 percent per annum, effective July 1, 2025.
The lender says the move is in line with recent monetary policy adjustments by the Central Bank of Kenya (CBK), which lowered its benchmark Central Bank Rate (CBR) from 10 percent to 9.75 percent in June 2025.
“We wish to notify our esteemed customers and the general public that Diamond Trust Bank Kenya Limited has reduced the DTB Base Rate effective 1 July 2025,” the bank said in a public announcement.
The CBK’s decision marked its sixth consecutive cut in less than a year, a strategic push to stimulate credit growth and economic recovery in the wake of subdued private sector lending.
The CBK’s Monetary Policy Committee (MPC) on June 10, 2025, cited favourable inflation trends and moderate growth as key reasons for easing its policy stance.
Governor Kamau Thugge stated that the monetary easing was aimed at unlocking access to affordable credit, particularly for small and medium enterprises (SMEs) and households.
“The Committee noted that inflation expectations remained anchored and that there was room for accommodative monetary policy to continue supporting economic activity,” CBK said in a statement following the rate cut.
This latest move follows a 75 basis point reduction in April and several other cuts since August 2024, underscoring the CBK’s pro-growth posture amid relatively stable inflation.
