March 29, 2018 / 5:50 PM / a month ago

Egypt's c.bank says cuts overnight interest rates by 100 basis points

CAIRO, March 29 (Reuters) - Egypt’s central bank cut its key interest rates by 100 basis points on Thursday, it said in a statement.

The bank cut its overnight deposit rate to 16.75 percent from 17.75 percent and its overnight lending rate to 17.75 from 18.75 percent, it said. (Reporting by Arwa Gaballa Editing by Alexandra Hudson)

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