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Egypt raises key interest rates
July 17, 2014 / 2:15 PM / 3 years ago

Egypt raises key interest rates

CAIRO, July 17 (Reuters) - Egypt’s central bank raised key interest rates on Thursday in an apparent attempt to curb inflation pressures weeks after the government cut energy subsidies.

The central bank raised the overnight deposit rate to 9.25 percent from 8.25 percent and the overnight lending rate to 10.25 percent from 9.25 percent, it said in a statement. (Reporting By Stephen Kalin, editing by John Stonestreet)

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