Egypt's central bank said it will ask for LE13 billion in eight-day repurchase agreements ('repos') in the money market on Tuesday at a fixed rate of 9.25 per cent.

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 the bank accepted LE5 billion, the same amount it had asked for, while the amount offered was LE5.765 billion.