Regulatory Alerts2011-09-15
Banking Circular No 10 of 2011 - Adjustment of the Central Bank Rate
The Central Bank of Kenya (CBU) increased the Central Bank rate from 6.25% to 7.00% on September 14th, 2011, following a decision by the Monetary Policy Committee at a special meeting. This adjustment took immediate effect. The change was announced by Jackson M. Kitili, Director of Banking Services, National Payments System, and Risk Management Department.
BANKI CENTRAL KUU YA BANK OF KENYA KENYA Haile Selassie Aven P. O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192 15 September 2011 BANKING CIRCULAR NO. 10 OF 2011 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS ADJUSTMENT OF THE CENTRAL BANK RATE The Monetary Policy Committee (MPC) at a Special Meeting held on 14th September 2011, adjusted the Central Bank rate upwards from 6.25% to 7.00%.
The change takes effect immediately.
JACKSON M. KITILI DIRECTOR, BANKING SERVICES, NATIONAL PAYMENTS SYSTEM & RISK MANAGEMENT DEPARTMENT