Cairo – Mubasher: The Central Bank of Egypt (CBE) has increased the key interest rates by 200 basis points (bps) during an exceptional meeting of its Monetary Policy Committee (MPC) on Thursday.

The central bank set the overnight deposit rate at 13.25% and the overnight lending rate at 14.25%, the Middle East News Agency (MENA) reported.

The rate of the main operation and the discount rate reached 13.75% and 13.57%, respectively.