Egypt central bank accepts repurchase agreements worth LE 10 bln

Egypt’s central bank accepted LE10.0 billion ($1.6 bn), slightly lower than the 10.6 billion it had offered, in seven-day repurchase agreements on Tuesday.
The repos carry a fixed rate of 9.75 per cent.

The central bank introduced weekly repo offerings in March 2011 to manage short-term interest rates during the political and economic unrest in the wake of the toppling of President Hosni Mubarak.

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