Kenya cbank says in repo market to mop up $141 mln
NAIROBI, Oct 1 (Reuters) - Kenya's central bank sought to absorb 12 billion shillings ($140.7 million) in excess liquidity through repurchase agreements (repos), it said on Monday.
The bank has persistently mopped up liquidity most of this year to support the shilling , which has also helped the weighted average interbank rate to rise to 8.4 percent as of Friday from 8.3 percent in the previous session. ($1 = 85.3000 Kenyan shillings)
(Reporting by Beatrice Gachenge; Editing by George Obulutsa)
Keywords: KENYA MAKRETS/REPO