2009-11-26 | 1248587102

Banking Circular No 9 of 2009 - Review of CBR Rate

The Central Bank of Kenya has informed commercial banks of a downward review of the Central Bank Rate (CBR) by 75 basis points, from 7.75% to 7.00%, effective immediately. This decision was made by the Monetary Policy Committee on November 24, 2009, and communicated to all chief executives of commercial banks. The letter, sent via postal mail and telex, highlights the importance of monetary policy and its impact on the banking sector.

Kenya

Central Bank of Kenya

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