Business & Finance

Kenya central bank seeks to mop up 13bn shillings via repos

Published April 2, 2013 Updated April 2, 2013 09:45am

1 min

By Shoaib Ur Rehman

NAIROBI: Kenya's central bank sought to mop up 13 billion shillings ($152.4 million) from the market on Tuesday using repurchase agreements (repos).

The bank has consistently used repos to manage liquidity in the market and support the shilling by making it expensive to fund long dollar positions.

Read Comments