2009-03-23

Banking Circular No 2 of 2009 - Adjustment of the Central Bank Rate (CBR)

The Monetary Policy Committee held a meeting on March 20, 2009, where they decided to adjust the Central Bank Rate (CBR) from 8.50 percent to 8.25 percent. This move aims to ease monetary policy and support economic activity, with the change effective immediately. J.A. Nyaoma, Director of Banking Services Department, notified all Chief Executives of Commercial Banks about this decision in Circular No. 2 of 2009.

Kenya

Central Bank of Kenya

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