Egypt's central bank keeps interest rates unchanged in September

Cairo - Mubasher: The Central Bank of Egypt (CBE) decided to keep interest rates unchanged from July at a meeting of its monetary policy committee on Thursday.

The bank kept the overnight deposit rate, the overnight lending rate and the rate of the CBE's main operation at 11.75%, 12.75% and 12.25% respectively, according to CBE statement.

The annual core consumer price index that the central bank uses to measure the level of prices after excluding the volatile cost commodities such fruits and vegetables jumped to 13.52% in August from 12.38 percent the month before.

Mubasher Contribution Time: 23-Sep-2016 07:14 (GMT)
Mubasher Last Update Time: 23-Sep-2016 07:14 (GMT)