Wednesday, March 28, 2012

Kenya cbank says in repo market to mop up $11.6 mln

THE CENTRAL BANK OF KENYA IN NAIROBI.NAIROBI (Reuters) - Kenya's central bank said on Monday it was in the market seeking to mop up 1 billion shillings through repurchase agreements. Traders had said they expected the bank, which has been mopping up liquidity and selling dollars in a bid not to let the shilling repeat last year's collapse, to stay out of the market as it watches the impact of the International Criminal Court ruling on Kenya's 2007/08 post election violence cases.


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