Egypt's central bank is moving to keep overnight interest rates unchanged, after President Abdel Fattah al-Sisi appeared to rule out any devaluation of the pound in the coming months.
The central bank is supposed to maintain its deposit rate at 18.25 percent and the lending rate at 19.25 percent when the regular monetary policy committee meets. None of the analysts expected a change in interest rates, according to the Reuters poll."
The MPC fixed interest rates at its last meeting on May 18 despite rising inflation.
Source (Al-Arabiya.net Website, Edited)
