Egypt held interest rates at record highs, with the deposit rate at 27.25% and the lending rate at 28.25%, as it evaluates the impact of new subsidy cuts and waits for a key IMF review. The central bank had hiked rates by 8 pp earlier this year but is exercising caution after hiking fuel prices by 9.2% in October, part of an IMF-backed reform plan to reduce subsidies and improve government finances.