2012-09-03

Banking Circular No 3 of 2012 - Multiple Tenures on Term Auction Deposit (TAD) Facility

The Bank of Kenya announces the introduction of multiple tenures for Term Auction Deposit (TAD) Facility, effective June 6th, 2012. These include 14, 21, and 28-day options, allowing commercial banks flexibility in their investment choices while maintaining a price ceiling of 18% Current and previous TAD terms will remain unchanged. This adjustment reflects the changing liquidity environment in the market. The announcement is made by Gerald A. Nyaoma, Director of Financial Markets Department on May 6th, 2012.

Kenya

Central Bank of Kenya

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