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Egypt's central bank keeps interest rates unchanged

Ahram Online, Monday 28 Apr 2014
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Views: 1079

In its meeting on Monday, the Monetary Policy Committee kept the lending rate and deposit rate unchanged at 9.25 percent and 8.25 percent respectively.

Key interest rates were last changed in December 2013, when the comittee cut them 50 basis points.

Last month, the committee said that the current rates were appropriate given the balance of risks around inflation and GDP outlook at the time.

The discount rate was also kept unchanged at 8.75 percent.

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