10.02.2015, 01:34
Kenya central bank says in market to mop up 15bn shillings
OREANDA-NEWS. February 10, 2015. Kenya's central bank said on Monday it was in the money market to mop up 15 billion shillings (\\$164 million) in excess liquidity using repurchase agreements and term auction deposits.
By absorbing excess liquidity, the bank makes it relatively more expensive to hold long dollar positions, which partly supports the shilling.
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