Region

Jurisdiction

Regulator

2016-10-25

Banking Circular No 7 of 2009 - Adjustment of Central Bank Rate (CBR) and Cash Reserve Ration (CRR)

The Central Bank of Kenya has announced a 25 basis point reduction in the Central Bank Rate (CBR) from 8.0% to 7.75%, and lowered the cash reserve ratio from 5% to 4.5%. Additionally, the tenor for repo transactions has been extended from 5 days to 7 days. All changes will be effective immediately, with an expectation that banks prioritize their interbank and horizontal repo opportunities before applying for reverse repo.

Kenya

Central Bank of Kenya