© Reuters. A general view of the new headquarters of Central Bank of Egypt, at the New Administrative Capital (NAC) east of Cairo, Egypt December 8, 2023. REUTERS/Amr Abdallah Dalsh/File Photo
CAIRO (Reuters) – Egypt’s central bank raised key interest rates on Thursday by 200 basis points (bps), it said in a statement.
The overnight lending rate was set at 22.25% while the overnight deposit rate stood at 21.25%, the bank said.