RegAlertRule · CBK · 23 Mar 2011
Banking Circular No 2 of 2011 - Review of the Central Bank Rate
The Central Bank of Kenya has increased the Central Bank Rate (CBR) from 5.75% to 6.00% following a review by the Monetary Policy Committee on March 22, 2011. This change is effective immediately. Jackson M. Kit, Director of Banking Services, National Payment Systems, and Risk Management, oversees this decision.
BANKI
CENTRAL
KUU YA
BANK OF
KENYA
KENYA
Haile Selassie Avenue P. O. Box 60000 - 00200 Nairobi. Kenya Telephone: 2860000. Fax: 340192 23rd March, 201 I BANKING CIRCULAR NO. 2 OF 20 I 1 ALL CHIEF EXECUTIVES OF COMMERCIAL BANKS TO:
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 22nd March, 2011 reviewed the CBR upwards by 25 basis points from 5.75 per cent to 6.00 per cent.
This change takes effect immediately.
JACKSON M. KIT
DIRECTOR
BANKING SERVICES, NATIONAL PAYMENT SYSTEMS AND RISK MANAGEMENT DEPARTMENT
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