New wave of seven-day repurchase agreements will be at fixed rate of 9.75 per cent Reuters reported
Egypt's central bank said it would ask for 14 billion Egyptian pounds in seven-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.75 per cent.
The central bank introduced the weekly repo agreements in March last year to help it manage short-term interest rates after a popular uprising ousted President Hosni Mubarak.
Last week the bank asked for LE22 billion and accepted the same amount.