CAIRO: Egypt’s central bank said it will offer LE 1 billion ($167.95 million) in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 percent.
The central bank introduced the weekly repo agreements in March to keep short-term interest rates under control after a popular uprising ousted President Hosni Mubarak.
Last week it offered repos worth LE 6 billion and accepted the same amount it had offered.
