Regulatory Alerts2016-07-13 | 1919420078Banking Circular No 4 of 2010 - Review of CBR
The Central Bank of Kenya has informed commercial banks that the Monetary Policy Committee has lowered the Central Bank Rate by 75 basis points from 6.75% to 6.00% effective immediately. This decision was made at the committee's meeting on July 28, 2010, and communicated to all chief executives of commercial banks through a banking circular.
BANKI KUU YA KENYA Haile Selassic Avenue P. O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192 29th July 2010 BANKING CIRCULAR NO.4 OF 2010 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 28th July 2010 reviewed the CBR downwards by 75 basis points from 6.75 per cent to 6.00 per cent. This change takes effect immediately.
GERALD A. NYAOMA DIRECTOR,BANKING SERVICES DEPARTMENT.