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kenya-central-bankNAIROBI: Kenya's central bank sought on Thursday to mop up 1.5 billion shillings ($17.6 million) in excess liquidity via repurchase agreements (repos).

 

The bank has persistently mopped up liquidity throughout much this year to support the shilling, which is 0.1 percent stronger than the dollar in the year-to-date.

 

On Wednesday, the central bank offered to mop up 6.5 billion shillings and received bids worth 13.6 billion, all of which were accepted.

Copyright Reuters, 2012

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