Home Announcement Central Bank’s Monetary Policy Committee maintains CBR at 10.0 percent and suspends KBRR

Central Bank’s Monetary Policy Committee maintains CBR at 10.0 percent and suspends KBRR

mpc-press-release-meeting-of-january-30-2017

• The CBK Monetary Policy Committee retained CBR at 10.0%in order to anchor inflation expectations which was expected to remain within the Government target range in the short term. • The MPC said that it will continue to closely monitor developments in the domestic and global economies, and stands ready to take additional measures as necessary.
• The MPC considered the Kenya Bankers Reference Rate (KBRR) which was introduced to provide a transparent credit pricing framework and in view of the adoption of the new law capping interest rates the CBK decided to suspend the KBRR framework