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Subscriber OnlyMarketsEconomicsInvestor Darling Egypt Holds Rates Amid Inflation WorriesDecision defied expectations of another cut in benchmark rateEconomists say easing is likely to resume later this yearByTarek El-Tablawy+FollowMarch 28, 2019, 5:34 PM UTCUpdated onMarch 28, 2019, 6:25 PM UTCEgypt’s central bank held the benchmark deposit rate unchanged on Thursday, defying expectations of a cut as it sought to keep inflation on target.The bank’s Monetary Policy Committee kept the overnight deposit rate at 15.75% and the lending rate at 16.75%.
