Business & Finance
Egypt central bank to offer 3 bln EG pounds in repos
CAIRO : Egypt's central bank said it will offer 3 billion Egyptian pounds ($502.6 million) in seven-day repurchase agree
1 min
By
The central bank introduced the weekly repo agreements in March to keep short-term interest rates under control after a popular uprising ousted President Hosni Mubarak.
Last week it asked for repos worth 8 billion pounds and accepted the same amount it had requested.
Copyright Reuters, 2011