CAIRO: Egypt’s central bank said it would ask for LE 14 billion ($2.32 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 percent.
The central bank introduced the weekly repo agreements in March last year to help it manage short-term interest rates after a popular uprising ousted President Hosni Mubarak.
Last week the bank asked for LE 22 billion and accepted the same amount.
