Egypt seen keeping interest rates on hold on Thursday

The Central Bank of Egypt (CBE) is likely to leave its overnight interest rates fixed at a policy meeting on Thursday, even though economic reforms are expected in the weeks following President Abdel Fattah al-Sisi's re-election.

The National Election Authority announced on Monday that Sisi had won 89.6% of the vote for his third, six-year term in an election that saw no serious challengers.

Many analysts believe Egypt will wait until January, well after the Dec. 10-12 vote, before hiking interest rates or devaluing the currency.