Banking Circular No 4 of 2012 - Review of the Central Bank Rate

BANKI
KUU YA
KENYA

CENTRAL
BANK OF
KENYA

Haile Selassie Avenue
P. O. Box 60000 - 00200 Nairobi, Kenya Telephone: 2860000, Fax: 340192

6th July, 2012

BANKING CIRCULAR NO. 4 OF 2012

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 5th July, 2012 reviewed the CBR downwards by 150 basis points from 18.00 per cent to
16.50 per cent.

The above changes take effect immediately.

Mark L. Lesiit
DIRECTOR, BANKING SERVICES &
RISK MANAGEMENT DEPARTMENT