2020-03-27 | 568838654

Banking Circular No. 4 of 2020 - Review of Cash Reserve Ratio

The Central Bank of Kenya has reduced the Cash Reserve Ratio (CRR) to release additional liquidity into the market to support borrowers distressed by the COVID-19 pandemic. Commercial banks, mortgage finance companies, and microfinance banks can access this liquidity by submitting requests with supporting documents to the Director of Bank Supervision. The daily CRR requirement is 3%, and the monthly average is 4.25%.

Kenya

Central Bank of Kenya

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