Regulatory Alerts2016-10-21
Banking Circular No 3 of 2015 - Foreign Exchange Dealing with Unauthorized Dealers-Brokers
The Central Bank of Kenya raised its Central Bank Rate (CBR) by 150 basis points to 10.00% on June 9th, 2015, and this increase is immediate. As a result, borrowing from the Central Bank Window will now be at 16%. This decision was made after review by the Monetary Policy Committee.
KENYA BANK OF KENY June 9, 2015 Haile Selassie Avent P.O. Box 60000-00200 Nairobi, Kenya Telephone: 2860000, Fax: 3401 BANKING CIRCULAR NO. 5 OF 2015 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS REVIEW OF CENTRAL BANK RATE (CBR) The Monetary Policy Committee (MPC) of the Central Bank of Kenya at its meeting held on 9th June, 2015 reviewed the CBR upwards by 150 basis points to 10.00 per cent. The adjusted rate takes effect immediately.
Following the rate adjustment, borrowing from the Central Bank Window will be at 16 per cent.
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