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The main functions of the Central Bank of Kenya are formulating monetary policy, promoting price stability, issuing currency and performing other functions conferred on it by an Act of Parliament.
Monetary Policy Implementation. Your Central Bank is responsible for developing and implementing monetary policy to achieve price stability. This involves adjusting interest rates to control inflation and money supply in the economy.
The Bank is responsible for formulating monetary policy to achieve and maintain price stability and issuing currency. Pursuant to the CBK Act, the Central Bank promotes financial stability through regulation, supervision and licensing of financial institutions under its mandate.
5 days ago · The Central Bank of Kenya is responsible for formulating monetary policy to achieve and maintain price stability. The Central Bank also promotes financial stability; an effective and efficient payment, clearing and settlement system; formulates and implements foreign exchange policies; holds and manages foreign exchange reserves; issuing of ...
The mandate of the Bank is to formulate and implement monetary policy that promotes price stability, fosters liquidity, solvency and stability of the banking sector, issue currency notes and coins, and provide banking services to the Government, commercial banks and other financial institutions.
Jun 20, 2023 · When Kenya gained independence from its colonial master in December 1963, the EACB assumed central banking functions, including lending to the government and lending to commercial banks.
The bank’s executive management team comprises the governor, deputy governors and heads of departments. The governor assumes the role of Chief Executive Officer of the bank and is therefore responsible for its overall management. The governor is also the bank’s official spokesperson.
