Region

Jurisdiction

Regulator

2013-01-11

Banking Circular No 1 of 2013 - Review of the Central Bank Rate

The Central Bank of Kenya has informed all commercial banks that the Monetary Policy Committee (MPC) decided to reduce the CBR from 11.00% to 9.50% at their meeting on January 10, 2013. This change will take effect immediately.

Kenya

Central Bank of Kenya

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