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Latest News

Egypt cbank leaves key interest rates unchanged

All 13 economists in a Reuters poll this week forecast that the bank's Monetary Policy Committee would keep rates steady.

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December 17, 2010 9:41 by



Egypt’s central bank kept its key overnight interest rates steady on Thursday, its 10th pause since it stopped lowering rates in September 2009, the central bank said on its website.

It kept the overnight lending rate steady at 9.75 percent and the deposit rate at 8.25 percent, the website said. It also left the discount rate unchanged at 8.5 percent.

All 13 economists in a Reuters poll this week forecast that the bank’s Monetary Policy Committee would keep rates steady.

(Reporting by Patrick Werr)



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