Banking Circular No 6 of 2012 - Review of the Central Bank Rate

BANKI
KUU YA
KENYA
Haile Selassie A
P.O. Box 60000 - 00200 Nairobi, Ker
Telephone: 2860000, Fax: 34019 September 06, 2012 BANKING CIRCULAR NO. 6 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 September, 2012 reviewed the CBR downwards by 350 basis points from 16.50 per cent to 13.00 per cent.

The above changes take effect immediately.

Lesiit
RECTOR, BANKING SERVICES & RISK MANAGEMENT DEPARTMENT