Regulatory Alerts2013-01-11
Banking Circular No 1 of 2013 - Review of the Central Bank Rate
The Central Bank of Kenya has announced a reduction in the Central Bank Rate (CBR) by 150 basis points, lowering it from 11.00% to 9.50%, following the Monetary Policy Committee's decision on January 10th, 2013. This change is immediate and will impact all Commercial Banks under its jurisdiction.
Telephone: 2860000, F: January 11, 2013 BANKING CIRCULAR No. 01 OF 2013 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 10th January, 2013 reviewed the CBR downwards by 150 basis points from 11.00 per cent to 9.50 per cent.
The above changes take effect immediately.
BANKING SERVICES, NPS & RISK MANAGEMENT DEPARTMENT