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Egypt’s Central Bank headquarters are seen in downtown Cairo, Egypt on March 22, 2022.
Egypt’s Central Bank cut its overnight interest rates by 100 basis points on Thursday, it said in a statement.
The Monetary Policy Committee cut the overnight deposit rate to 20% from 21% and the lending rate to 21% from a 22%.
A Reuters poll on Monday predicted the bank would lower its overnight interest rates by a median one percentage point, owing to eased inflation in November
Egypt’s annual urban consumer inflation edged lower to 12.3% in November, while core inflation, which strips out volatile items such as food and fuel, rose to 12.5% on an annual basis in November from 12.1%.
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2025-12-25T16:04:56.000Z
