By Mohamed Samir / Reuters
CAIRO: Egypt’s central bank accepted LE 14.434 billion ($2.39 billion) in seven-day repurchase agreements in the money market on Tuesday. It had offered 17 billion pounds.
The repos carry a fixed rate of 9.75 percent.
The central bank introduced its weekly repo offerings last March to manage short-term interest rates after the political and economic unrest that ousted President Hosni Mubarak.
