2022-05-13 | 407287617

Banking Circular No.1 of 2022 - Expiry of Cash Reserve Ratio Emergency Measure

The Central Bank of Kenya issued a circular announcing the expiry of the Cash Reserve Ratio (CRR) emergency measure, which was implemented to support banks during the COVID-19 pandemic. The policy action released additional liquidity to banks, with a significant portion utilized between March 2020 and March 2021. The circular informs commercial banks and other financial institutions that the CRR emergency measure will expire on May 16, 2022, and reminds them to maintain the daily and monthly average CRR requirements.

Kenya

Central Bank of Kenya

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