Cairo – Mubasher: Egypt’s net international reserves reached $33.53 billion at the end of November 2022, compared to $33.41 billion in October 2022, the Middle East News Agency (MENA) cited the Central Bank of Egypt (CBE).

This represents an increase of $121 million month-on-month (MoM).

In October, the CBE hiked the key interest rates by 200 basis points (bps) during an exceptional meeting of its Monetary Policy Committee (MPC).

The overnight deposit rate was set at 13.25% and the overnight lending rate at 14.25%. Meanwhile, the rate of the main operation and the discount rate reached 13.75% and 13.57%, respectively.