2016-08-12 | 1562938113

Banking Circular No 2 of 2016 - Review of Central Bank Rate (CBR)

The Central Bank of Kenya lowered the Central Bank Rate by 100 basis points to 10.50% from 11.50% at its Monetary Policy Committee meeting on May 23, 2016. This change took effect immediately, and as a result, borrowing from the Central Bank of Kenya Overnight Window will be at 16.50%. This information was communicated to the chief executives of commercial banks in a banking circular issued by the Director of Banking Services, NPS & Risk Management Department.

Kenya

Central Bank of Kenya

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