2024-06-06

Banking Circular No. 1 of 2024 - Changes to the CBK Discount (Overnight) Window Facility

The Central Bank of Kenya (CBK) has announced changes to the CBK Discount (Overnight) Window Facility. The Monetary Policy Committee (MPC) reviewed and approved these changes on June 5, 2024, to enhance monetary policy transmission. Key changes include adjusting the applicable interest rate from 400 to 300 basis points above the CBR and maintaining the security of advances with Government of Kenya securities. This circular supersedes all previous circulars on the subject and takes effect immediately.

Kenya

Central Bank of Kenya

Show thumbnail