Regulatory Alerts2016-10-21 | 400377500Banking Circular No 5 of 2015 - Review of Central Bank Rate (CBR)
The Central Bank of Kenya raised the Central Bank Rate by 150 basis points to 10.00% during a Monetary Policy Committee meeting on June 9, 2015. The new rate took effect immediately, and borrowing from the Central Bank Window will be at 16%. This announcement was communicated to all chief executives of commercial banks in Kenya.
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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