eye on price

Egypt central bank holds rates with eye on price, political risks

By | 2012-12-08T12:16:50+00:00 December 8th, 2012|News|

Egypt’s central bank kept interest rates on hold on Thursday, saying inflation could tick higher and warned that political turmoil could hurt the economy, after fierce overnight clashes killed seven people.    Economic growth remained feeble and could take a further knock, the bank noted in a statement issued on its website after two days