February 15, 2018 / 6:23 PM / 3 months ago

Egypt's central bank says cuts overnight interest rates by 1 percent

CAIRO, Feb 15 (Reuters) - Egypt’s central bank cut its key interest rates by 100 basis points on Thursday, it said in a statement.

The statement said the bank cut its overnight deposit rate to 17.75 percent from 18.75 percent and its overnight lending rate to 18.75 from 19.75 percent. (Reporting by Arwa Gaballa; editing by Sami Aboudi)

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