2011-06-29 | 1531447778

Banking Circular No 5 of 2011 - Further Tightening of Monetary Policy Stance Via Active Liquidity Management to Rein in Inflationary Expectations

The Central Bank of Kenya (CBK) is taking active measures to curb inflation and stabilize the exchange rate by tightening its monetary policy and enhancing liquidity management. The CBK has revised the rules for its Discount Window operations, including changing the operative rate and imposing penalties on banks that use funds for interbank or foreign exchange trading. These actions aim to address persistent inflationary expectations and minimize arbitrage activities in the interbank market.

Kenya

Central Bank of Kenya

Show thumbnail