RegAlertRule · CBK · 8 Nov 2012 · 523147424
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.
BANKI
KUU YA
KENYA
P.O. Box 60000 - 00200 Nairobi. Ke Telephone: 2860000, Fax: 3401 08th November, 2012 BANKING CIRCULAR NO. 10 TO: ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS REVIEW OF THE CENTRAL BANK RATE (CBR) The Central Bank of Kenya wishes to inform all Commercial Banks that the Monetary Policy Committee (MPC) at its meeting held on 7th November, 2012 reviewed the CBR downwards by 200 basis points from 13.00 per cent to 11.00 per cent. Subsequently, the Discount Window Rate has been lowered from 19.00 percent to 17.00 per cent.
The above changes take effect immediately.
BANKING SERVICES & RISK MANAGEMENT
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