Cairo - Mubasher: The data of the Egyptian Ministry of Finance (MoF) showed a rise in the average return on governmental debt instruments by 1.42% during Sunday’s auction.

The ministry said that the average return on the 91-day treasury bills increased to 22.523% from 20.970% last week, increasing by 1.553%.

Meanwhile, the average return on the 273-day bills grew 1.289% to 22.44% while 21.15% in the previous week.

This comes after the Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided on Thursday to raise interest rates by 2% or 200 basis points (bps).