Central Bank of Kenya: Purpose, Values, FAQ, Contact Details

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The Central Bank of Kenya is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded in 1966 after the dissolution of the East African Currency Board. Dr Patrick Ngugi Njoroge is the current Governor of CBK and Sheila M’Mbijjewe is the Deputy Governor.

Purpose

The Central Bank of Kenya is a public institution established under Article 231 of the Constitution of Kenya, 2010. The Bank is responsible for formulating monetary policy to achieve and maintain price stability and issuing currency.

Values

Core Values

Vision, Mission and Values. The Vision of the Bank is “To be a World-Class Modern Central Bank.” To formulate and implement monetary policy for price stability, foster a stable market-based financial system and ensure a sound national payment system.

FAQ

What is the current Treasury bill rate in Kenya?

Short Term Interest Rate: Monthly Average: Treasury Bills Rate: 91 Days. Kenya’s Short Term Interest Rate: Monthly Average: Treasury Bills Rate: 91 Days data was reported at 6.690 % pa in Nov 2020. This records an increase from the previous number of 6.494 % pa for Oct 2020.

How can I invest in bonds in Kenya?

Individuals and corporate bodies can invest in Treasury bonds as a nominee of a commercial bank or investment bank in Kenya, but if you hold a bank account with a local commercial bank you can also invest directly through the Central Bank and avoid additional fees.

What is a good salary in Kenya?

The average salary in Kenya is KES 2,444,211. The average take-home earning is KES 1,780,149 (Net). The most typical salary is KES 738,031 (Gross).

Can you lose money on Treasury bills?

Treasury bonds are considered risk-free assets, meaning there is no risk that the investor will lose their principal. In other words, investors that hold the bond until maturity are guaranteed their principal or initial investment.

Who owns the Central Bank of Kenya?

In 1971, the Kenya Commercial Bank was formed following the merger of the National and Grindlays Bank, with the government owning a 60-per cent majority stake.

Contact Details

Address: Haile Selassie Avenue
Mailing Address: P.O Box 60000 – 00200, Nairobi, Kenya
Tel / Fax: +254 20 286 0000

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