CBK in the market to mop up 15 billion shillings
13 October 2014, 13:47
Nairobi - Central Bank of Kenya stepped into the market on Monday to mop up 15 billion shillings(168.35 million US dollar) using repurchase agreements (repo) and term auction deposits.
The bank regularly uses repo and term auction deposits to manage liquidity in the market, lending support to the shilling by making it slightly more expensive for banks to hold dollars.
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