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2014-07-09 | 797268829

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Banking Circular No 4 of 2014 - Operationalization of Kenya Banks' Reference Rate (KBRR)

The Central Bank of Kenya has set the Kenya Banks' Reference Rate (KBRR) at 9.13%, effective July 8, 2014, as a transparent credit pricing framework. All flexible rate loans will be priced using the KBRR as the base rate, with the final interest rate being KBRR + K. Existing flexible credit facilities will be transitioned to the new KBRR framework by June 30, 2015.

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