Ruto signs CBK Reform Law, Parliamentary Pension Bill

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President William Ruto on Monday signed into law Parliamentary Bills at State House Nairobi on July 6, 2026. [PCS]

President William Ruto on Monday signed into law the Central Bank of Kenya (Amendment) Bill, 2026, reforms aimed at strengthening the Central Bank of Kenya's ability to safeguard financial stability, improve banking oversight and modernise the country's monetary policy framework.

Ruto also assented to the Parliamentary Pensions (Amendment) Bill, 2023, which aligns the parliamentary pension framework with the Constitution and extends pension benefits to members of both the National Assembly and the Senate.

The Central Bank of Kenya (Amendment) Act introduces a new legal framework separating the CBK's routine monetary policy operations from Emergency Liquidity Assistance (ELA), a mechanism through which the Central Bank can support financial institutions facing temporary liquidity challenges during periods of financial distress.