September 26, 2019 / 1:55 PM / 25 days ago

Egypt's central bank cuts deposit and lending rates by 100 basis points

CAIRO, Sept 26 (Reuters) - Egypt’s central bank on Thursday cut its key interest rates for a second time in a row, on the back of inflation falling further and global monetary easing.

The overnight deposit and lending rates were cut by 100 basis points to 13.25% and 14.25% respectively. (Reporting by Mahmoud Mourad and Omar Fahmy Editing by Andrew Heavens)

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