CAIRO, April 30 (Reuters) - Egypt's central bank offered to take 18 billion Egyptian pounds ($2.6 billion) worth of seven-day deposits at a fixed interest rate of 10.25 percent at an auction on Tuesday.
It has reintroduced such auctions as a way of soaking up excess liquidity.
($1 = 6.9253 Egyptian pounds)
(Reporting by Alexander Dziadosz; Editing by John Stonestreet) Keywords: EGYPT AUCTION/DEPOSITS
(email@example.com)(+202 2578 3290)
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.