2016-10-25 | 1295053981

Banking Circular No 7 of 2008 - Revision of the CRR and the CBR

The Central Bank of Kenya has revised the Cash Reserve Requirement (CRR) from 6% to 5% and the Central Bank Rate (CBR) from 9% to 8.5%, effective immediately as of December 1st, 2008. This decision was made by the Monetary Policy Committee (MPC) and communicated to all commercial banks through a banking circular.

Kenya

Central Bank of Kenya

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