Central Bank says in market for $60 mln via repos
07 May 2012, 14:50
Nairobi - Kenya's central bank sought to
mop up 5 billion shillings ($60.1 million) via repurchase
agreements (repos) for the sixth straight session on Monday.
Traders had expected the central bank to come back for more
shillings this week after the strong demand for the repos
offered on Friday indicated excess liquidity in the market.
The Central Bank of Kenya has taken out 20 billion shillings
since April 27, when the interbank rate plunged to 14.8 percent
from 18 percent a day earlier.
The interbank rate edged up to 16 percent on Friday, from
15.8 percent a day earlier.