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The Central Bank of Kenya was established in 1966 through
an Act of Parliament - the Central Bank of Kenya Act of 1966.
The establishment of the Bank was a direct result of the desire
among the three East African states to have independent monetary and financial
policies.
The Central Bank of Kenya Act of 1966 set out objectives and functions
and gave the Central Bank limited autonomy. Since the amendment of the
Central Bank of Kenya Act in April 1997, the Central Bank operations have
been restructured to conform with ongoing economic reforms. There is now
greater monetary autonomy.
Learn more about the Central Bank
of Kenya
15 May 2012
TENDER NO. CBK/56/2011-2012 Procurement of Dry Cleaning & Laundry Services
for the Central Bank of Kenya Download
Tender
11 May 2012
TENDER NO. CBK/55/2011-2012 Comprehensive Maintenance Photocopying Machines at the Central Bank Of Kenya Nairobi Headquarters And Marshall House Download
Tender
TENDER NO. CBK/36/2011-2012 for Supply of Newspapers & Periodicals (Readvertised) Download
Tender
Monetary Affairs Committee - 15th Meeting
03 May 2012
The 15th Meeting of the Monetary Affairs Committee (MAC) was convened in Kampala, Uganda on May 11 2012. It was hosted by the Bank of Uganda. The meeting was chaired by Prof. Njuguna Ndung'u, Governor of the Central Bank of Kenya. The meeting considered among others: the reports on the studies to support the EAC Monetary Union negotiation process and specifically "the study on Exchange Rate Arrangements in the EAC' and "the study of Harmonization of Monetary Policy Frameworks in the EACâ€
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the Press Release
Monetary Policy Committee Meeting
03 May 2012
The Monetary Policy Committee met on 3rd May, 2012 to review and evaluate
the outcome of its monetary policy stance... the Committee observed that
there is need to maintain the current monetary policy stance to ensure
that inflation continues to decline towards the target and to sustain
the current exchange rate stability. The Committee therefore decided to
retain the Central Bank Rate (CBR) at 18.0 percent. In addition, in order
to ease the pressure on interest rates, the CBK will enhance its monetary
policy operations to stabilise the daily interbank rate. Download
the Press Release
Establishment of the Financial Reporting Centre
17 April 2012
At the meeting held on 12th April, 2012, the Anti-Money Laundering Advisory
Board (AML Advisory Board) approved the immediate operationalization of the
Financial Reporting Centre (FRC). The AML Advisory Board, whose core mandate
is to advise FRC is constituted pursuant to Section 49 of the Proceeds of Crime and
Anti-Money Laundering Act, 2009.
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the Press Release
Monetary Policy Committee Meeting
04 April 2012
The Monetary Policy Committee met on 4th April, 2012 to review the relevant
market developments in order to evaluate the outcome of its monetary policy
stance. The Committee observed that the monetary policy measures in place
continue to yield the desired results: inflation has declined; exchange
rate stability sustained; and private sector credit growth has slowed
down gradually. However, the Committee noted that there were still potential
risks in the economy attributed to seceral drivers. The Committee therefore
maintained its monetary policy stance by retaining the Central Bank Rate
(CBR) at 18.0%. This will ensure that inflation continues to decline towards
the Government target while exchange rate stability is maintained. Download
the Press Release
What would you like to see featured on the new Kenyan currency?
15 March 2012
The Central Bank hereby invites individuals, institutions, organizations,
and professional bodies to present, in writing, proposals on elements they would
like to see featured on the banknotes, to be considered for incorporation in the
design of the proposed new Kenyan currency banknotes and coins. Download the Advert
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