Regulatory Alerts2016-10-21
Banking Circular No 5 of 2015 - Review of Central Bank Rate (CBR)
The Monetary Policy Committee of Kenya's Central Bank has decided to raise the Central Bank Rate (CBR) by 150 basis points, bringing it up to 10.00%. This adjustment will be implemented immediately. Subsequently, borrowing from the Central Bank Window is set at 16%. These actions are in response to recent policy decisions made during their meeting held on June 9th, 2015.
KENYA BANK OF KENY June 9, 2015 Haile Selassie Avent P.O. Box 60000-00200 Nairobi, Kenya Telephone: 2860000, Fax: 3401 BANKING CIRCULAR NO. 5 OF 2015 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS REVIEW OF CENTRAL BANK RATE (CBR) The Monetary Policy Committee (MPC) of the Central Bank of Kenya at its meeting held on 9th June, 2015 reviewed the CBR upwards by 150 basis points to 10.00 per cent. The adjusted rate takes effect immediately.
Following the rate adjustment, borrowing from the Central Bank Window will be at 16 per cent.
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