Regulatory Alerts2016-08-12 | 1562938113Added · Updated
Banking Circular No 2 of 2016 - Review of Central Bank Rate (CBR)
The Central Bank of Kenya lowered the Central Bank Rate by 100 basis points to 10.50% from 11.50% at its Monetary Policy Committee meeting on May 23, 2016. This change took effect immediately, and as a result, borrowing from the Central Bank of Kenya Overnight Window will be at 16.50%. This information was communicated to the chief executives of commercial banks in a banking circular issued by the Director of Banking Services, NPS & Risk Management Department.
More like this from CBK
We email you every new CBK publication the day it's published.
Topics
monetary
Share