2016-10-25 | 129980586

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

The Central Bank of Kenya lowered the Central Bank Rate and the Cash Reserve Ratio by 25 basis points and 0.5 percentage points, respectively, during its Monetary Policy Committee meeting on July 22, 2009. The bank also lengthened the tenor for repo transactions from 5 to 7 days and advised banks to prioritize interbank and horizontal repo opportunities before applying for reverse repo. These changes took effect immediately.

Kenya

Central Bank of Kenya

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