2015-07-24

Banking Circular No 8 of 2015 - Review of CBR and Introduction of a 3-day Repo

This Kenyan banking circular from July 9th, 2015 advises chief executives of commercial banks regarding changes in the Central Bank Rate (CBR) and introduction of a 3-day repo. The CBR has been raised to 11.50 percent and will be available Monday to Thursday each week. Interest rates for various operations have been adjusted accordingly, with the highest acceptable interest rate for Repo bids being 11.50%, the lowest for Reverse Repo bids also at 11.50%, successful Term Auction Deposits (TAD) attracting an interest rate of 14.00%, and borrowing from the Central Bank of Kenya's Overnight Window attracting an interest rate of 17.50%.

Kenya

Central Bank of Kenya

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