CBE keeps interest rates on hold in November CAIRO - 15 November 2018: The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) kept interest rates on hold on Thursday, Nov. 15 for the fifth time this year, meeting the expectations of experts and investment banks. MPC set the overnight deposit rate and the overnight lending rate at 16.75 percent and 17.75 percent, respectively. Will Egypt reduce its currency? CAIRO - 18 December 2018: Capital Economics issued a report expecting Egypt to have another reduction of its currency. The report noted that state-owned banks will no longer be able to support the Egyptian pound with policymakers appearing to hear calls of the International Monetary Fund (IMF) to change the exchange rate regime.

Source: Egypt Today December 27, 2018 18:22 UTC