Kenya central bank seeks to mop up 3.5bn shillings from market

08 Apr, 2013

NAIROBI: The Central Bank of Kenya said on Monday it was in the market to mop up 3.5 billion shillings ($41.3 million) in excess liquidity using term auction deposits.

The bank has routinely hoovered up liquidity since last year to support the shilling by making it slightly more expensive to hold long dollar positions.

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