Despite a rise in inflation, Egypt’s central bank has opted to maintain interest rates for a second consecutive month. The MPC kept the deposit rate at 18.25% and the lending rate at 19.25%, aligning with most economists’ predictions. Egypt seeks to attract buyers for several state assets and manage potential future currency devaluations. The nation’s currency has been stable at around 30.9 per US dollar for several months in the banks, even though its value has fluctuated in the parallel market, where it currently trades at about 38.