Regulatory Alerts2016-07-13
Added · Updated
Banking Circular No 4 of 2011 - Revision of the Cash Reserve Requirement and the Central Bank Rate
The Monetary Policy Committee raised Kenya's Cash Reserve Requirement (CRR) from 4.5% to 4.75% and increased the Central Bank Rate (CBR) from 6.00% to 6.25%. Additionally, the tenor for late repurchase agreements (repos) has been shortened to four days at 100 basis points below the average early repo rate. These changes are immediate effects.
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