2016-07-13

Banking Circular No 4 of 2011 - Revision of the Cash Reserve Requirement and the Central Bank Rate

The Monetary Policy Committee raised Kenya's Cash Reserve Requirement (CRR) from 4.5% to 4.75% and increased the Central Bank Rate (CBR) from 6.00% to 6.25%. Additionally, the tenor for late repurchase agreements (repos) has been shortened to four days at 100 basis points below the average early repo rate. These changes are immediate effects.

Kenya

Central Bank of Kenya

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