RegAlertRule · CBK · 13 Jul 2016 · 339983779
Banking Circular No 1 of 2010 - Review of CBR
The Central Bank of Kenya has informed commercial banks that the Monetary Policy Committee has lowered the Central Bank Rate (CBR) by 25 basis points from 7.00% to 6.75%. This change is effective immediately as of March 24, 2010. The letter was sent to all chief executives of commercial banks in Kenya.
KENYA
Haile Selassie A
P. O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192 24th March, 2010 BANKING CIRCULAR NO. 1 OF 2010 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS REVIEW OF CENTRAL BANK RATE (CBR) The Central Bank of Kenya wishes to inform all commercial banks that the Monetary Policy Committee at its meeting held on 23rd March 2010 reviewed the CBR downwards by 25 basis points from 7.00 per cent to 6.75 per cent.
This change takes effect immediately.
GERALD A. NYAOMA
DIRECTOR,
BANKING SERVICES DEPARTMENT
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