Egypt keeps interest rates unchanged
- Egypt: Sunday, February 03 - 2013 at 02:11
Egypt's central bank has kept interest rates unchanged, weighing inflation risks against slower economic growth, with both factors driven by investor worries about the country's political crisis, Reuters has reported. "While the slowdown in economic growth has been limiting upside risks to the inflation outlook, there are possible upward pressures on inflation going forward," the bank said. "Given the mixed balance of risks surrounding the inflation and GDP outlooks and the uncertainty at this juncture, the Monetary Policy Committee judges that the current key Central Bank of Egypt rates are appropriate," it added.
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