Thursday after the next, the Monetary Policy Committee of the Central Bank will hold its penultimate meeting of the current year to decide the interest rate after keeping it unchanged during the last 4 meetings at 27.25% for deposits and 28.25% for lending.
A number of bankers expected the Central Bank to fix the interest rate during its upcoming meeting, with the inflation rate accelerating in Egyptian cities for the third month in a row and expectations of a further rise.
The inflation rate in cities rose for the third month in a row last October to 26.5% from 26.4% last September.
