CAIRO, May 19 (Xinhua) -- The Central Bank of Egypt (CBE) decided on Thursday to raise its interest rates amid a global wave of inflation and hiking prices.
The CBE decided to increase the deposit rate, the lending rate, and the rate of the main operation by 200 basis points, to 11.25 percent, 12.25 percent, and 11.75 percent respectively, the bank's Monetary Policy Committee (MPC) said in a statement following Thursday's meeting.
