{"id":22290,"date":"2011-07-12T06:52:00","date_gmt":"2011-07-12T10:52:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=0143bd260218a5dcb4b50b080f707dec"},"modified":"2011-07-12T06:52:00","modified_gmt":"2011-07-12T10:52:00","slug":"central-bank-of-kenya-reverses-discount-window-rate-to-6-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/12\/central-bank-of-kenya-reverses-discount-window-rate-to-6-25\/","title":{"rendered":"Central Bank of Kenya Reverses Discount Window Rate to 6.25%"},"content":{"rendered":"

The Central Bank of Kenya<\/a> (CBK) reversed its 29 June 2011 decision, lowering CBK discount window rate to 6.25% from 8.00%.  The CBK maintained the central bank rate unchanged at 6.25% (having increased it 25bps on the 31st of May<\/a> this year).  The Bank said in its circular: “Central banks always run discount windows as facilities of last resort as a means of providing temporary liquidity to banks in extreme cases.  The CBK is concerned that recently, commercial banks have not been using the Discount Window as a last resort, but as a permanent supply if liquidity.”<\/span><\/span>
<\/a><\/p>\n

The CBK also outlined <\/span>measures<\/a><\/span> to restore proper use of the Discount Window e.g. no access for banks that lend in the interbank market, and restrictions on borrowing to a maximum of statutory cash reserves.  Previously Kenya’s central bank increased the CBK <\/span>discount window rate<\/a><\/span> by 125bps to 8.00% at the end of June.  Kenya experienced inflation of 14.49% in June, up from 12.95% in May, compared to 12.05% in April and 9.19% in March, according to <\/span>inflation data from the Kenya National Bureau of Statistics.  The Central Bank of Kenya has an inflation target of 5 percent.<\/span><\/span><\/div>\n
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<\/span><\/span><\/div>\n
www.CentralBankNews.info<\/a><\/span><\/span><\/span><\/div>\n<\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

The Central Bank of Kenya (CBK) reversed its 29 June 2011 decision, lowering CBK discount window rate to 6.25% from 8.00%.  The CBK maintained the central bank rate unchanged at 6.25% (having increased it 25bps on the 31st of May this ye…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22290","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22290"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22290\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}