CAIRO - The Central Bank of Egypt (CBE) Wednesday has accepted LE6.419 billion ($1.1 billion) in seven-day repurchase agreements in the money market, less than the LE7 billion it had offered. The repos carry a fixed rate of 9.25 per cent, according to Reuters. The CBE introduced its weekly repo offerings on April 5 to keep short-term interest rates under control after the political and economic unrest that ousted president Hosni Mubarak on February 11.
