2022-05-13

Banking Circular No.1 of 2022 - Expiry of Cash Reserve Ratio Emergency Measure

The Central Bank of Kenya (CBK) has announced the expiry of the Cash Reserve Ratio (CRR) emergency measure that was implemented during the COVID-19 pandemic. This was part of measures taken to provide liquidity to banks and support borrowers impacted by the crisis. The emergency measure will expire on May 16, 2022, releasing an outstanding balance of Ksh.2.4 billion for utilization as needed. Banks are reminded to adhere to the daily CRR requirement of 3% and a monthly average CRR of 4.25%.

Kenya

Central Bank of Kenya

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