2018-03-20

Banking Circular No. 1 of 2018

On March 19th, 2018, the Monetary Policy Committee (MPC) of Kenya's Central Bank decided to reduce the Central Bank Rate (CBR) by 50 basis points, bringing it down from 10.00% to 9.50%. This change took effect immediately and consequently, borrowing from the Central Bank Window will be at a rate of 15.50%. The decision was made by the MPC following their meeting on that date.

Kenya

Central Bank of Kenya

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