Wednesday, August 22, 2012

Egypt cbank accepts repos worth 10.8 bln Eg pounds

CAIRO (Reuters) - Egypt's central bank accepted 10.837 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday, instead of the 13 billion the bank had offered.

The repos carry a fixed interest rate of 9.75 percent.

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 President Hosni Mubarak's ouster.

Source: http://news.yahoo.com/egypt-cbank-accepts-repos-worth-10-8-bln-142037660--finance.html

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