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2012-11-08 | 523147424

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Banking Circular No 10 of 2012 - Review of the Central Bank Rate

The Central Bank of Kenya has informed commercial banks of a downward revision of the Central Bank Rate (CBR) by 200 basis points, from 13% to 11%, with immediate effect. Consequently, the Discount Window Rate has been lowered from 19% to 17%. This decision was made by the Monetary Policy Committee at its meeting on November 7, 2012.

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