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Egypt: Inflation Eases to Slowest Pace in 18 Months

By Ben Morales-Correa

Inflation rate in Egypt fell to an 18 month low in June, giving the central bank more room to keep its key interest rate at its lowest level in a year and a half. Urban inflation, the benchmark rate that the central bank monitors, slowed to 9.9 percent from 10.2 percent in the previous month.... »

Egyptian Central Bank lowers interest rate to 10%

By Ben Morales-Correa

Egypt’s central bank cut its benchmark interest rate for a second consecutive month as urban inflation in the Arab world’s most populous country eased to its slowest pace in more than a year and the economic growth rate fell. The overnight deposit rate was lowered by half a percentage point to 10 percent and the... »



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