Egypt Eyes The Completion Of A Key IMF Review

Egypt Eyes The Completion Of A Key IMF Review

Egypt kept its interest rates at a record high for the fifth straight meeting even as it weighed the impact of subsidy cuts. The country is also eyeing a closure to the International Monetary Fund's review for a bailout. The monetary policy committee of Egypt's central bank said that the deposit rate and lending rate will remain unchanged at 27.25 percent and 28.25 percent, respectively.

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