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Egypt central bank offers LE20bn in repos Tuesday
Tomorrow sees latest offering of seven-day repurchase agreements, started in March to keep short-term interest rates under control
Reuters Published in Ahram Online on 27 - 06 - 2011


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Egypt's central bank said it will offer 20 billion Egyptian pounds (US$3.354 billion) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 per cent CBES.
The central bank introduced the weekly seven-day repo agreements in March to keep short-term interest rates under control after a popular uprising ousted President Hosni Mubarak.
Last week it offered repos worth LE7bn but accepted only LE6.419bn.

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