MPC minutes: Egypt

The Central Bank of Egypt's Monetary Policy Committee decided to keep rates unchanged at 11.5% owing to high inflation, the minutes of the meeting on 25 December explained.

"While most of the upside risks to inflation have eased on the back of the improving outlook for international commodity prices in light of the projected slowdown in global economic activity and the consequent moderation in domestic economic growth, the current inflation rates remain elevated," the central bank said.

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