Bloomberg News

Egypt Keeps Benchmark Interest Rate Unchanged at 9.25%

May 03, 2012

Egypt’s central bank left its key interest rate unchanged as the economy struggles after more than

a year of unrest.

The Monetary Policy Committee left the overnight deposit rate at 9.25 percent and the overnight lending rate at 10.25 percent, the central bank said today on its website. All seven economists surveyed by Bloomberg anticipated the move.

To contact the reporter on this story: Mariam Fam in Cairo at mfam1@bloomberg.net

To contact the editor responsible for this story: Digby Lidstone at dlidstone@bloomberg.net


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