2013-05-08

Banking Circular No 2 of 2013 - KES1 Page on Reuters 3000 Extra

The Central Bank of Kenya announced a reduction in the Central Bank Rate (CBR) by 100 basis points from 9.50% to 8.50%, following the Monetary Policy Committee's meeting on May 7, 2013. This change is immediate and directed towards all commercial banks. The Director of Banking Services, NPS & Risk Management, Mark L. Lesiit, informed this through Circular No. 3 of 2013 addressed to the Chief Executives of Commercial Banks.

Kenya

Central Bank of Kenya

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