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Central Bank of Egypt leaves benchmark rates unchanged

Arab World Materials 1 February 2013 09:11 (UTC +04:00)
Central Bank of Egypt leaves benchmark rates unchanged
Central Bank of Egypt leaves benchmark rates unchanged

The CEf (CBE) has decided to keep overnight deposit and lending rates unchanged, as the government moves to ensure price stability and shore up the local currency Al Ahramonline reported.

On Thursday, the CBE's website announced that the bank's monetary policy committee had left its key lending rate unchanged at 10.25 per cent and its deposit rate at 9.25 per cent.

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

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