Egypt Unexpectedly Cuts Rate for First Time Since 2009 - Bloomberg:
"Egypt’s central bank unexpectedly lowered its benchmark interest rate for the first time since 2009 in a bid to revive economic growth amid political unrest.
The Monetary Policy Committee, headed by Governor Hisham Ramez, lowered the overnight deposit and lending rates by 50 basis points, or 0.5 of a percentage point, to 9.25 percent and to 10.25 percent, according to a statement on its website. All six economists in a Bloomberg survey had forecast the central bank would keep the deposit rate unchanged."
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