The Central Bank of Kenya is seeking to mop up $ 46.8
million (approx. Ksh 4 billion) through repurchase agreements (Repos) for the
third straight session.
The CBK has also introduced longer tenure repos as an
additional tool to mop up excess liquidity, which is attributed to maturing
debt portfolios and the government release of money for unspecified
expenditures.
The mop up by CBK is meant to stabilize the Shilling (Today $1
= Ksh 85.55) and it has raised Ksh 154.4 billion via repurchase agreements this
year.
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