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Egypt cbank to ask for LE 14 bln in repos - Daily News Egypt

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Egypt cbank to ask for LE 14 bln in repos

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 …


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.

 

 

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https://www.dailynewsegypt.com/2012/01/03/egypt-cbank-to-ask-for-le-14-bln-in-repos/
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