NAIROBI: Kenya's central bank said on Thursday it was in the market to mop up 5 billion Kenyan shillings ($56.2 million) in excess liquidity from the money markets using seven-day repurchase agreements (repos) and term auction deposits.

The central bank has frequently absorbed excess liquidity, a move that partly supports the shilling by making it more costly to hold dollars.

The bank said it would also come to the market later in the session with four-day repos.

Copyright Reuters, 2014