Middle East and North Africa analyst, Barclays
Appears in 1 story
Pre-decision view backed holding rates
Egypt's central bank raised its benchmark rates by a full percentage point Thursday, lifting the overnight deposit rate to 20% and the lending rate to 21%. It was the first hike since March 2024, and it caught markets off guard: all 13 analysts polled by Reuters had expected no change.
Updated 1 hour ago
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