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Thursday, November 24, 2011

Egypt Central Bank hikes rates as currency slips

Egypt Central Bank hikes rates as currency slipsEgypt Central Bank hikes rates as currency slips CAIRO: Egypt's central bank unexpectedly raised interest rates on Thursday for the first time in more than two years, acting after depleting its foreign reserves trying to defend a local currency weakened by street ... Egypt Central Bank hikes rates as currency slips

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