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MLF - Market Leaders Forum

Proposed MLF Meeting Dates
Tue, July 07, 2009
Tue, Aug. 10, 2009
Tue, Sept. 08, 2009
Tue, Oct 06, 2009
(Changed to Tue, Oct 13, 2009)
Tue, Nov. 03, 2009
Tue, Dec. 01, 2009
(Changed to Mon, Dec 07, 2009)
Tue, Jan. 05, 2010
(Changed to Wed, Jan 13, 2010)
Tue, Feb. 02, 2010
(Changed to Tue, Feb 09, 2010)
Tue, Mar. 09, 2010
Tue, April 06, 2010
Tue, May 04, 2010
Tue, June 08, 2010




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

First Credit Reference Bureau Licensed


9th February 2010


Credit Reference Bureau (CRB) Africa Ltd. has been granted a license by CBK to offer the banking sector credit information sharing services in Kenya. The license has been granted pursuant to the Banking (Credit Reference Bureau) Regulations, 2008.

Download the full press release...

Increase in diaspora remittances


2nd February 2010


According to information collected from formal channels that include commercial banks and IMTs, the month of December experienced a positive turn. In general, the remittances data could indicate economic recovery in the source jurisdictions, which could sustain the pick-up of remittances inflow in 2010

More...

Euro Bank Ltd: First Dividend


29th January 2010


Depositors and creditors of Euro Bank Ltd. are hereby notified that the first (1) dividend will be paid with effect from Monday, 8th February 2010 at DPFB offices in Nairobi.

Download the Press Release here.....

Enhancing the Transmission Mechanisms for Monetary Policy


29th January 2010


The Monetary Policy Committee (MPC) met on 26th January, 2010 to review the market's reaction to its previous decisions as well as the general economic performance. On the basis of available evidence, the Committee concluded that its previous decision to reduce the CBR had successfully signaled a reduction in the short term interest rates. The Committee therefore considered the current CBR level of 7.00 percent to be appropriate to consolidate its current direction of monetary policy.

Download the Press Release here.....

Third Infrastructure Bond Advert


9th February 2010


The Central Bank of Kenya as a fiscal agent for the Republic of Kenya invites bids for eight year infrastructure bond issue No. IFB1/2010/08 to raise Ksh 32.9bn in the Financial Year 2009/10 . Read more..

 

  • 14th January 2010Agent Banking Model to boost Financial Inclusion
    The Governor, Prof. Njuguna Ndung'u has stated that the introduction of the Agent Banking Model will act as a platform for financial reach, inclusion and financial deepening in Kenya. He urged the financial sector to explore and implement innovative models that will deepen Kenya's financial sector to support savings and investment growth.

  • 11 December 2009Meridian Biao Bank : Payment of Second Dividend
    Deposit Protection Fund Board (DPFB) wishes to notify all depositors and creditors of Meridian Biao Bank (In Liquidation) that the second will be paid with effect from 14th December, 2009 at DPFB offices in Nairobi.

  • 2 December 2009Circular to Foreign Exchange Bureaus
    The Central Bank announces that all Forex Bureaus will be required to submit all the statutory returns specified under sections 9.1, 9.2, 9.3 and 9.4 of the Forex Bureau Guidelines, by uploading the returns through the internet, in addition to the current physical method of submission. All forex bureaus shall therefore participate in a‘parellel run’ between 1st January and 31st March 2010.



13 Nov 2009 Daima Bank: Payment of a third dividend
29 Oct 2009 CBK appreciates change in collateral technology
25 Sep 2009 CBK clarifies on coins validity
14 Sep 2009 Drop in unbanked population
14 Aug 2009 Taming Inflation and Food Security
27 Aug 2009 Credit Information Sharing: Enabling affordable Credit
10 Aug 2009 Southern Credit Bank Launches an International MasterCard Debit Card
30 Jul 2009 Global Economic Crisis: Future Preparedness
17 Jul 2009 Benchmark Bonds Programme – A Bonds’ Market Development Initiative
15 Jul 2009 Notice: Improvement of Currency Operations
KEY FINANCIAL INDICATORS

Indicative Exchange Rates for  09-February-2010
Posted daily at 10 00 HRS EAT : : 07 00 HRS GMT
CURRENCYMEAN
USD 76.9253
GBP 120.2765
EUR 105.4692
ZAR 10.0134
UGX 25.7654
TZS 17.5236
 
 See more

INFLATION RATES(%)
Overall
Month on Month 5.34 December 2009
Average Annual 9.25 December 2009
Three Months Annualized 3.94 December 2009
Underlying
Month on Month 5.20 December 2009
Average Annual 6.57 December 2009
Three Months Annualized 5.35 December 2009
INTEREST RATES(%)
Central Bank Rate 7.0000 26 January 2010
T-Bills (91) 6.226 01 February 2010
T-Bills (182) 6.700 08 February 2010
T-Bills (364) 7.383 08 February 2010
Interbank Rate 2.4759

05 February 2010
REPO 6.1760 19 May 2009
Reverse REPO 3.144

08 February 2010
Horizontal REPO 3.562 13 January 2010
COMMERCIAL BANK RATES(%)
Lending Rate 14.85 November 2009
Savings Rate 1.71 November 2009
Deposit Rate 5.06 November 2009
Overdraft Rate 14.24 November 2009

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