POLL-Egypt's central bank to raise interest rates by 100 bps
Egypt's central bank will raise its overnight deposit rate by 100 basis points (bps) on Thursday as it tries to dampen resurgent inflation, a Reuters poll forecast.
The median forecast in a poll of 15 analysts is for the bank to raise its deposit rate to 12.25% and its lending rate to 13.25% at its regular monetary policy committee meeting.
The committee will meet a day after a meeting of the Federal Reserve, which is expected to raise U.S. interest rates.