ADVOKS GLOBAL · KENYA
Central Bank of Kenya Act
47. Open market operations
Edition: 2026-07-24 · In force
47. Open market operations
(1)For purposes of regulating the money supply, the Bank may with the approval of the Board—(a)purchase, hold or sell negotiable securities of any maturity issued by the Government or any other negotiable securities specified by the Bank;(b)issue or hold Central Bank of Kenya bills and purchase or sell outright or by way of repurchase agreement, Central Bank of Kenya Bills;(c)accept money as deposit from commercial banks and microfinance banks on such terms as may be specified by the Bank.(2)The total amount of securities held by the Bank at any time under subsection (1) of this section shall be excluded in the computation of the limit prescribed in subsection (3) of section 46.