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2012-07-09 | 915373064

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

The Central Bank of Kenya lowered the Central Bank Rate (CBR) by 150 basis points from 18.00% to 16.50% effective immediately as of July 6th, 2012. This decision was made by the Monetary Policy Committee (MPC) during their meeting on July 5th, 2012. The letter communicating this decision was sent to all chief executives of commercial banks in Kenya.

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