The Monetary Policy Committee (MPC) decided in its meeting on Thursday to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 18.25 percent, 19.25 percent, and 18.75 percent, respectively. The discount rate was also kept unchanged at 18.75 percent. On the global front, forecasts for key international commodity prices continue to be revised downwards compared to those underlying the previous MPC meetings. In addition, while monetary policy tightening and lower energy prices have contributed to easing global inflationary pressures, inflation rates remain above their respective target levels in key global economi
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