Egypt central bank to hold rates after inflation pick-up -survey

April 20, 2015 11:56 AM

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CAIRO, April 20 (Reuters) - Egypt's central bank is expected to keep interest rates on hold on Thursday, choosing not to cut borrowing costs to boost a slowing economy after inflation hit a five-month high in March.

Five economists surveyed by Reuters all forecast that the bank's monetary policy committee (MPC) would keep its overnight rates unchanged at 9.75 percent for lending and 8.75 percent for deposits at its meeting.

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