The Monetary Policy Committee met on 5th September, 2012 to review market developments and evaluate the outcomes of its monetary policy stance. The Committee noted that the monetary policy stance continued to deliver the desired results on inflation and stability in the foreign exchange market.
The CBK will continue to monitor these risks and take appropriate actions. The Committee decided to reduce the CBR by 350 basis points to 13.0 percent.
Get the details here….http://www.centralbank.go.ke/images/docs/media/2012/MPC%20Press%20Release%20-%20September%205%202012.pdf