Regulatory Alerts2016-07-13
Banking Circular No 4 of 2010 - Review of CBR
The Central Bank of Kenya has announced a decrease in the Central Bank Rate (CBR) by 75 basis points, reducing it from 6.75% to 6.00%. This change was made following the Monetary Policy Committee's meeting on July 28th, 2010 and will take effect immediately. The decision is communicated by Gerald A. Nyaoma, Director of Banking Services Department.
BANKI KUU YA KENYA Haile Selassic Avenue P. O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192 29th July 2010 BANKING CIRCULAR NO.4 OF 2010 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS
Review Of Central Bank Rate (Cbr)
The Central Bank of Kenya wishes to inform all commercial banks that the Monetary Policy Committee at its meeting held on 28th July 2010 reviewed the CBR downwards by 75 basis points from 6.75 per cent to 6.00 per cent. This change takes effect immediately.
GERALD A. NYAOMA DIRECTOR,BANKING SERVICES DEPARTMENT.