{"id":30251,"date":"2012-06-14T17:58:00","date_gmt":"2012-06-14T21:58:00","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/06\/egypt-keeps-key-rate-steady-at-9-25-pct\/"},"modified":"2012-06-14T17:58:00","modified_gmt":"2012-06-14T21:58:00","slug":"egypt-keeps-key-rate-steady-at-9-25-pct","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/14\/egypt-keeps-key-rate-steady-at-9-25-pct\/","title":{"rendered":"Egypt keeps key rate steady at 9.25 pct"},"content":{"rendered":"<p>By Central Bank News<br \/>\n&nbsp;<span> &nbsp; The Central Bank of Egypt has kept its key overnight deposit rate unchanged at 9.25 percent and will introduce a 28-day repurchasing agreement (repo) starting next month.<\/span><\/p>\n<div>\n<div><span>&nbsp; &nbsp; &#8220;Given the balance of risks surrounding the inflation and GDP outlooks and the uncertainty at this juncture, the MPC judges that the current key CBE rates are appropriate,&#8221; the&nbsp;CBE said in a statement following a meeting of its monetary policy committee.<\/span><\/div>\n<div><span><a name='more'><\/a><\/span><\/div>\n<div><span>&nbsp; &nbsp; Although the headline consumer price index eased in May to an annual rate of&nbsp;8.30 percent from 8.78 percent in the previous month, the bank said there were local supply bottlenecks that pose an upside risk to inflation.<\/span><\/div>\n<div><span>&nbsp; &nbsp; But there are also downside risks to economic growth from the challenges facing the euro area, the CBE said, adding that&nbsp;preliminary data shows that real GDP grew by 5.2 percent in 2011\/2012 Q3, following feeble average growth rates of 0.35 percent in the first two quarters.<\/span><\/div>\n<div><span>&nbsp; &nbsp;&nbsp;<\/span><\/div>\n<div><span>www.CentralBankNews.info<\/span><\/div>\n<div><span><br \/><\/span><\/div>\n<div><span><br \/><\/span><\/div>\n<div><span><br \/><\/span><\/div>\n<div><span>&nbsp;<\/span><\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-6101049821265889249?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Central Bank News &nbsp; &nbsp; The Central Bank of Egypt has kept its key overnight deposit rate unchanged at 9.25 percent and will introduce a 28-day repurchasing agreement (repo) starting next month. &nbsp; &nbsp; &#8220;Given the balance of risks surrounding the inflation and GDP outlooks and the uncertainty at this juncture, the MPC judges &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/06\/14\/egypt-keeps-key-rate-steady-at-9-25-pct\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Egypt keeps key rate steady at 9.25 pct&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-30251","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=30251"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/30251\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=30251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=30251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=30251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}