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Egypt central bank set to keep key interest rates on hold

The Egyptian central bank is likely to keep its key interest rates on hold, as it balances stubbornly high inflation against economic growth which has still to recover after last year's popular uprising, Reuters has reported. "We expect interest rates to be maintained, given the sustained headline inflation level," said Alia Mamdouh of CI Capital. The central bank has kept monetary policy unchanged since November, when it unexpectedly raised interest rates for the first time in more than two years.