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Egypt holds rates, hints at cut
- Egypt: Saturday, December 27 - 2008 at 09:28
Egypt's central bank has announced on Friday it is keeping benchmark interest rates steady but has hinted a rate cut remains imminent, Reuters has reported. The bank, which ended a nine-month cycle of interest rate rises in November, kept its rates at 11.5% for deposits and 13.5% for lending.
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Medilyn Manibo, Assistant News EditorSaturday, December 27 - 2008 at 09:28 UAE local time (GMT+4)
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