Kenya’s central bank sought on Thursday to mop up 3.5 billion shillings ($41.6 million) in excess liquidity from the market using repurchase agreements (repos).Traders earlier said they expected the regulator to continue absorbing liquidity after it made a record cut to its key lending rate last week.The bank stepped up open market operations to soak up persistently high levels of liquidity in the market this year, using repos to support the shilling.
