Kenya central bank in repo market to mop up $59 mln.
Kenya's central bank sought to mop up 5 billion shillingsfrom the market on Wednesday through repurchase agreements, a day after a similar effort received zero bids from banks keen on holding onto their liquidity.
Traders said they had anticipated the repo because the bank is keen on staying ahead of the curve with its hawkish monetary stance, to tame inflation and exchange rate volatility.
NAIROBI (Reuters)
This article was originally posted on Africa Banking Network
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