Overview
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.
Pursuant to the CBK Act, the Central Bank promotes financial stability through regulation, supervision and licensing of financial institutions under its mandate. The Bank also provides oversight of payment, clearing and settlement systems. All these efforts are geared towards fostering liquidity, solvency and proper functioning of the financial system. The Bank also formulates and implements foreign exchange policy and manages foreign exchange reserves. CBK is the banker for, adviser to, and fiscal agent of the Government.
In discharging its mandate, the Central Bank contributes to the country’s economic development and growth, and promotes the interest of the public. The Bank strives to carry out its statutory mandate effectively and efficiently guided by the principles of integrity and transparency.
Vision
The Vision of the Bank is “To be a World Class Modern Central Bank.”
Mission
To formulate and implement monetary policy for price stability, foster a stable market-based financial system and ensure a sound national payment system.
Efficiency & Effectiveness
Integrity
Professionalism & Relevance
Diversity and Inclusiveness
Transparency, Accountability & Integrity
Mutual Respect & Teamwork
Innovativeness
Core values
Core values are beliefs that staff hold in common and endeavour to put in practice. The CBK Board and staff embrace the following core values in delivery of its mandate:
The Board, Management and staff will diligently offer quality services to all stakeholders while observing high professional standards and respecting all relevant rules and regulations.
The Board, Management and staff will always act with integrity while discharging the Bank’s mandate. We will remain transparent and accountable in all our operations.
The Board, Management and staff will nurture creativity and continued improvement in the processes of the Bank, leading to enhanced organizational performance, stakeholder interaction and customer experience.
The Board, Management and staff shall treat all people equally and fairly without discrimination and shall uphold the principles of gender equity, regional and ethnic balance. In the diversity of roles and professions in the Bank, we shall work as one team to deliver the Bank’s mandate in the most efficient and effective way.
