Kenya central bank to triple repo tenure to boost bank liquidity
NAIROBI, March 24 (Reuters) - Kenya’s central bank will triple the duration of its repurchase agreement (repo) transactions with banks to 90 days from 28 in order to ensure there is sufficient liquidity in the banking sector, its governor said on Tuesday.
“They can bring in their Treasury bills and we can enter repurchase agreements with them all the way to 90 days,” Patrick Njoroge told a news conference. (Reporting by Duncan Miriri; editing by John Stonestreet)