2013-05-08
Added · Updated
The Central Bank of Kenya informs all Commercial Banks that its Monetary Policy Committee (MPC) reviewed the Central Bank Rate (CBR) downwards by 100 basis points. This changes the rate from 9.50 percent to 8.50 percent, effective immediately.
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BANKI KUU YA KENYA
CENTRAL BANK OF KENYA
Haile Selassie Avenue
P. O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192
May 8, 2013
BANKING CIRCULAR No. 3 OF 2013
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 May, 2013 reviewed the CBR downwards by 100 basis points from 9.50 per cent to 8.50 per cent.
The above changes take effect immediately.
MARK L. LESIIT
DIRECTOR,
BANKING SERVICES, NPS & RISK MANAGEMENT
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Source: Central Bank of Kenya — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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