2012-09-06

Banking Circular No 6 of 2012 - Review of the Central Bank Rate

The Central Bank of Kenya has announced a 350 basis point reduction in the Central Bank Rate (CBR) from 16.50% to 13.00%. This decision, made by the Monetary Policy Committee at their meeting on September 5th, 2012, will take immediate effect. The director of the Banking Services & Risk Management Department has communicated this update to all commercial bank chief executives.

Kenya

Central Bank of Kenya

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