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Investor Darling Egypt Holds Rates Amid Inflation Worries
Egypt’s central bank held the benchmark deposit rate unchanged on Thursday, defying expectations of a cut as it sought to keep inflation on target. The bank’s Monetary Policy Committee kept the overnight deposit rate at 15.75% and the lending rate at 16.75%.
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Generic placeholder image
Investor Darling Egypt Holds Rates Amid Inflation Worries
Egypt’s central bank held the benchmark deposit rate unchanged on Thursday, defying expectations of a cut as it sought to keep inflation on target. The bank’s Monetary Policy Committee kept the overnight deposit rate at 15.75% and the lending rate at 16.75%.
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