Regulatory Alerts2016-10-25
Banking Circular No 4 of 2009 - Revision of CBR and Tenors for repo/reverse repo, late repo and term auction deposit facility
The Monetary Policy Committee of Kenya's Central Bank decided on May 21, 2009, to revise the Central Bank rate from 8.25% to 8.0%, effective immediately. Additionally, beginning May 25, 2009, liquidity management instrument tenors for Repurchase/Reverse Repurchase Agreements (Repo/Reverse Repo), late Repo, and Term Auction facility will be unified at a single tenor of 5 days only. The late repo will continue to be priced 100 basis points below the latest available average rate for early repo.
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monetary