Egypt central bank leaves rates unchanged

Reuters, Thursday 6 Sep 2012

The Central Bank's Monetary Policy Committee leaves its key lending rate at 10.25 per cetn and the deposit rate at 9.25 per cent for the sixth time in a row

Egypt's central bank kept its benchmark overnight deposit and lending rates unchanged on Thursday, as expected.

The bank's Monetary Policy Committee left its key lending rate steady at 10.25 per cent and the deposit rate at 9.25 per cent after its regular meeting, it said on its website. All 10 economists in a Reuters survey had forecast the committee would hold the overnight rates unchanged.

The bank also left the discount rate unchanged at 9.5 per cent and the seven-day repurchase agreement (repo) rate at 9.75 per cent.

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