Central Bank Rate

Section 36 (4) of the Central Bank of Kenya Act stipulates that the Central Bank shall publish the lowest rate of interest it charges on loans to banks and that rate shall be known as the Central Bank Rate (CBR).

The level of the CBR is reviewed and announced by the Monetary Policy Committee (MPC) at least every two months and its movements, both in direction and magnitude, signals the monetary policy stance. The CBR is the base for all monetary policy operations in order to enhance clarity and certainty in monetary policy implementation.

Whenever the Central Bank is injecting liquidity through a Reverse Repo, the CBR is the lowest acceptable rate. Likewise whenever the Bank wishes to withdraw liquidity through a Vertical Repo, the CBR is the highest rate that the CBK will pay on any bid received. Changes in the CBR reflect the monetary policy stance that the Bank is pursuing.

Central Bank Rate (CBR) %

Date	Rate
Date	Rate
27/05/2019	9.00
27/03/2019	9.00
28/01/2019	9.00
27/11/2018	9.00
25/09/2018	9.00
30/07/2018	9.00
28/05/2018	9.50
19/03/2018	9.50
22/01/2018	10.00
23/11/2017	10.00
18/09/2017	10.00
17/07/2017	10.00
29/05/2017	10.00
27/03/2017	10.00
30/01/2017	10.00
28/11/2016	10.00
20/09/2016	10.00
25/07/2016	10.50
23/05/2016	10.50
21/03/2016	11.50
20/01/2016	11.50
17/11/2015	11.50
22/09/2015	11.50
05/08/2015	11.50
07/07/2015	11.50
09/06/2015	10.00
06/05/2015	8.50
26/02/2015	8.50
14/01/2015	8.50
04/11/2014	8.50
03/09/2014	8.50
08/07/2014	8.50
30/04/2014	8.50
04/03/2014	8.50
14/01/2014	8.50
05/11/2013	8.50
03/09/2013	8.50
09/07/2013	8.50
07/05/2013	8.50
12/03/2013	9.50
10/01/2013	9.50
07/11/2012	11.00
05/09/2012	13.00
05/07/2012	16.50
05/06/2012	18.00
03/05/2012	18.00
04/04/2012	18.00
06/03/2012	18.00
01/02/2012	18.00
11/01/2012	18.00
01/12/2011	18.00
01/11/2011	16.50
05/10/2011	11.00
14/09/2011	7.00
27/07/2011	6.25
31/05/2011	6.25
22/03/2011	6.00
27/01/2011	5.75
25/11/2010	6.00
23/09/2010	6.00
02/08/2010	6.00
28/07/2010	6.00
20/05/2010	6.75
23/03/2010	6.75
26/01/2010	7.00
24/11/2009	7.00
23/09/2009	7.75
22/07/2009	7.75
21/05/2009	8.00
20/03/2009	8.25
30/01/2009	8.50
01/12/2008	8.50
29/10/2008	9.00
01/10/2008	9.00
29/09/2008	9.00
06/08/2008	9.00
27/05/2019	9.00
24/07/2019	9.00
23/09/2019	9.00
25/11/2019	8.5
27/01/2020	8.25
23/03/2020	7.25
29/04/2020	7.00
27/05/2020	7.00
27/05/2020	7.00
25/06/2020	7.00
29/07/2020	7.00
29/09/2020	7.00
26/11/2020	7.00
27/01/2021	7.00
29/03/2021	7.00
26/05/2021	7.00
28/07/2021	7.00
28/09/2021	7.00
29/11/2021	7.00
26/01/2022	7.00
29/03/2022	7.00
30/05/2022	7.50
27/07/2022	7.50
29/09/2022	8.25
23/11/2022	8.75
30/01/2023	8.75
29/03/2023	9.50
29/05/2023	9.50
26/06/2023	10.50
09/08/2023	10.50
03/10/2023	10.50
05/12/2023	12.50
06/02/2024	13.00
03/04/2024	13.00
05/06/2024	13.00
06/08/2024	12.75
08/10/2024	12.00

Central Bank Rate

Central Bank Rate (CBR) %

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