Egypt's central bank accepts LE6bn in repos

Reuters, Tuesday 5 Apr 2011

Egypt's central bank accepted 6 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday.

The bank had offered repos worth LE6bn. It introduced a weekly repo offering on 5 April to keep short-term interest rates under control after the political and economic unrest that ousted President Hosni Mubarak.

 

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