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Egypt central bank leaves benchmark rates unchanged

Arab World Materials 19 October 2012 08:55 (UTC +04:00)
Egypt central bank leaves benchmark rates unchanged
Egypt central bank leaves benchmark rates unchanged

Egypt's central bank has opted to keep its benchmark overnight deposit and lending rates unchanged, as the government moves to support the local currency and inflation sits at a six-year low Al Ahram online reported.

The bank's Monetary Policy Committee left its key lending rate at 10.25 per cent and the deposit rate at 9.25 per cent after its regular meeting, it said on its website on Thursday,.

Also left unchanged were the discount rate and the seven-day repurchase agreement which remain 9.5 and 9.75 per cent, respectively.

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