*CBK Rate Cut to 9.75% Signals Lower MMF Returns* CBK has slashed its base rate to 9.75%, marking the sixth cut since Aug 2024. While positive for borrowers, the move may trim yields on Money Market Funds, which rely on short-term fixed-income instruments like T-bills. Average MMF returns (9–11%) are expected to edge lower, pressuring fund managers to rebalance portfolios within regulatory limits. Despite this, MMFs remain attractive for liquidity and safety. Ziidi, Faida, Arvocap, and Mayfair led in Q1 2025 growth. CBK aims to boost private-sector lending amid stable NPL and inflation outlooks. – MO