Regulatory Alerts2016-07-13 | 122926105Banking Circular No 1 of 2011 - Review of the Central Bank Rate
The Central Bank of Kenya has informed commercial banks of a downward review of the Central Bank Rate (CBR) by 25 basis points, from 6.00% to 5.75%, effective immediately. This decision was made by the Monetary Policy Committee at their meeting on January 27, 2011. The circular communicating this change was issued on January 28, 2011.
CENTRAL BANK OF KENYA KENYA Haile Selassie Avenue P. O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192 28th January 2011 BANKING CIRCULAR NO. 1 OF 2011 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS REVIEW OF CENTRAL BANK RATE (CBR) The Central Bank of Kenya wishes to inform all commercial banks that the Monetary Policy Committee at its meeting held on 27th January 2011 reviewed the CBR downwards by 25 basis points from 6.00 per cent to 5.75 per cent.
This change takes effect immediately.
JOHN K. BIRECF ASSISTANT DIRECTOR, FINANCIAL MARKETS DEPARTMENT