Egyptian Central Bank Decides to Keep Interest Rates Unchanged

Cairo, Aug 20 (KUNA) -- The Monetary Policy Committee of the Central Bank of Egypt decided today, Thursday, to keep the key interest rates unchanged. In a statement, the Central Bank said the committee decided to maintain the deposit and lending rates for one night and the central bank’s main operation rate at 19 percent, 20 percent, and 19.50 percent, respectively, while keeping the credit and discount rate at 19.50 percent. The statement clarified that the Monetary Policy Committee’s decision reflects the committee’s assessment of the latest inflation developments and its inflation forecasts since its previous meeting. (End) A.S.M. / T.M.A.