Central Bank seeks to mop up 3B Shillings in liquidity
18 September 2015, 19:18
Nairobi - Kenya's central bank said on Friday it planned to mop up 3 billion
shillings ($28.5 million) in excess liquidity from the money markets.
bank uses term auction deposits and repurchase agreements to take out
the liquidity, which makes it expensive to hold dollars, and partly
lending support to the shilling.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!