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
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