CAIRO: Egypt’s central bank accepted LE 6 billion ($1.01 billion) in seven-day repurchase agreements in the money market on Tuesday, the same amount it had offered.
The repos carry a fixed rate of 9.25 percent.
The central bank 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 Feb. 11.
