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<March 2010>
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Monetary Policy Committee Meeting
23rd March 2010

View full calendar 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
(Changed to Fri, Mar 12, 2010)
Tue, April 06, 2010
Tue, May 04, 2010
Tue, June 08, 2010


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The Central Bank of Kenya was established in 1966 through an Act of Parliament - Third government infrastructure bond performs wellthe 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

Access to affordable credit boosted


4th March 2010

The Governor, Prof. Njuguna Ndung'u has launched the first credit reference bureau in Kenya. The launch of the bureau is expected to facilitate the development of information capital which will change the current collateral technology. Further, it will enhance information symmetry and, support financial development and boost access to affordable credit by more Kenyans.

Download the Governor's speech...

Overall inflation further drops


3rd March 2010

The Central Bank has announced that the overall 12-month inflation maintained a downward trend throughout the year 2009. It declined from 13.3 percent in January 2009 to 5.3 percent in December 2009. The downward trend persisted in January 2010 with the 12-month inflation dipping further to reach 4.7 percent. The decline in 2009 through January 2010 is attributed to falling prices of food, medical goods and services, recreation and education and personal goods and services.

Download the Monthly Economic Review...

Third government infrastructure bond performs well


25th February 2010

The Central Bank is pleased to inform all investors and the public in general that the Third Infrastructure Bond recorded an excellent performance, with 770 bids received amounting to Kshs 35.3 Billion or 243.36% subscription. On behalf of the Government, the Central Bank wishes to thank all investors and the public for their overwhelming response and support in financing Infrastructure projects. The Central Bank of Kenya issued the Third Infrastructure Bond for a total value of Kshs 14.5 Billion to finance specific projects in the Roads, Energy and Water sectors.

Download results here...

 



KEY FINANCIAL INDICATORS

Indicative Exchange Rates for  10-March-2010
Posted daily at 10 00 HRS EAT : : 07 00 HRS GMT
CURRENCYMEAN
USD 76.7778
GBP 114.9542
EUR 104.3888
ZAR 10.3451
UGX 26.9611
TZS 17.6549
 
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INFLATION RATES(%)
Overall
Month on Month 4.69 January 2010
Average Annual 8.54 January 2010
Three Months Annualized 2.14 January 2010
Underlying
Month on Month 5.69 January 2010
Average Annual 6.35 January 2010
Three Months Annualized 8.73 January 2010
INTEREST RATES(%)
Central Bank Rate 7.0000 26 January 2010
T-Bills (91) 6.248 01 March 2010
T-Bills (182) 6.497 08 March 2010
T-Bills (364) 7.383 08 February 2010
Interbank Rate 2.2746

09 March 2010
REPO 6.1760 19 May 2009
Reverse REPO 2.000

10 March 2010

Horizontal REPO 4.750* 12 February 2010
* weekly weighted average rate
COMMERCIAL BANK RATES(%)
Lending Rate 14.76 December 2009
Savings Rate 1.73 December 2009
Deposit Rate 4.84 December 2009
Overdraft Rate 14.13 December 2009

Download the Wealth Declaration Form