NAIROBI, June 20 (Reuters) - The Central Bank of Kenya said on Thursday it intended to mop up 1 billion shillings ($11.7 million) in excess liquidity from the money market.
The bank has actively absorbed excess liquidity from the market using repurchase agreements and term auction deposits since last year, which has lent support to the shilling by making it slightly more expensive for banks to hold long dollar positions. ($1 = 85.6500 Kenyan shillings)
(Reporting by Kevin Mwanza; editing by Drazen Jorgic) Keywords: KENYA MARKETS/CBANK
(email@example.com)(Tel: +254 20 2224717)(Reuters Messaging: firstname.lastname@example.org)
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.