Regulatory Alerts2018-03-20 | 824456373Banking Circular No. 1 of 2018 - Review of the Central Bank Rate
The Central Bank of Kenya lowered its Central Bank Rate by 50 basis points to 9.50% from 10.00% effective immediately, with borrowing from the Central Bank Window now at 15.50%. This decision was made by the Monetary Policy Committee during their meeting on March 19, 2018, and communicated to all chief executives of commercial banks through a banking circular.
BANKI KUU YA KENYA Haile Selassie Avenu P.O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192 March 19, 2018 BANKING CIRCULAR No. 1 OF 2018 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS
Review Of The Central Bank Rate (Cbr)
The Monetary Policy Committee (MPC) of The Central Bank of Kenya on its meeting held on March 19, 2018 reviewed the CBR downwards by 50 basis points to 9.50 per cent from 10.00 percent. The adjusted rate takes effect immediately. Following the rate adjustment, borrowing from the Central Bank Window will be at 15.50 per cent.
Mwenda K. Marete Ag. Director, Banking Services, NPS & Risk Management Department