Markets

Egypt central bank to ask for 11bn Eg-pounds in repos

Published December 5, 2011 Updated December 5, 2011 02:04pm

The central bank introduced the weekly repo agreements in March to help it manage short-term interest rates after a popular uprising ousted President Hosni Mubarak.

Last week the bank asked for 18 billion pounds but accepted 16.797 billion pounds, the entire amount that was offered.

Copyright Reuters, 2011