Kenya cbank says in repo market to mop up $141 mln
01 October 2012, 15:00
Nairobi - Kenya's central bank sought to
absorb 12 billion shillings ($140.7 million) in excess liquidity
through repurchase agreements (repos), it said on Monday.
The bank has persistently mopped up liquidity most of this
year to support the shilling, which has also helped the
weighted average interbank rate to rise to 8.4 percent as of
Friday from 8.3 percent in the previous session.
($1 = 85.3000 Kenyan shillings)
(Reporting by Beatrice Gachenge; Editing by George Obulutsa)