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2009-03-23 | 867965131

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Banking Circular No 2 of 2009 - Adjustment of the Central Bank Rate (CBR)

The Central Bank Rate (CBR) in Kenya was adjusted from 8.50% to 8.25% on March 20, 2009, by the Monetary Policy Committee, signaling a relaxation of Monetary Policy to encourage economic activity. This change took immediate effect and was communicated to all commercial bank executives.

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