Central Bank mops up excess KES 21 billion
02 July 2015, 21:59
Nairobi - Kenya's central bank sought to
mop up 21 billion shillings ($212 million) from the market on
Thursday saying there was excess liquidity.
The bank uses repurchase agreements (repo) and term auction
deposits (TAD) to try and minimise liquidity, in order to make
it a bit more expensive for people to bet against the shilling,
thus offering a measure of stability in the currency market.
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