A bulletin issued by the CBO stated that the average interest rate of these certificates was 0.13% while the maximum accepted interest rate was 0.13%. The tenor of these certificates is 28 days, so their maturity date is on
The certificates of deposit issued to licensed banks by the CBO as a monetary policy instrument aimed at absorbing excess liquidity in the banking sector in particular and maintaining stability of the interest rate and the money market in general.
The Repo rate during
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OCTOBER 31, 2014
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