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Egypt’s central bank decides to keep benchmark interest rates unchanged with the overnight deposit and lending rates held at 8.75% and 9.75% respectively, the Monetary Policy Committee announced on Thursday.
The discount rate was also kept at 9.25%.
Key interest rates were surprisingly cut by 50 basis points last month on lower inflation expectations driven by cheap oil.
The annual inflation rate eased to 9.7% in January, compared to 10.13% in the previous month.
