Egypt central bank to offer LE 9 bln in repos

Egypt's central bank said it will offer LE 9 billion ($1.506 billion) in six-day repurchase agreements in the money market on Tuesday at a fixed rate of 9.25 percent.

The central bank introduced the weekly repo agreements in March to keep short-term interest rates under control after a popular uprising ousted President Hosni Mubarak.

Last week it asked for repos worth LE 3 billion and accepted LE 2.66 billion.