Egypt 7-day deposits average yield steady at 8.278 pct

Reuters
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CAIRO: The weighted average yield at a 7-day deposit auction was 8.278 percent, compared with 8.276 percent at last week’s auction, Egypt’s central bank said on Tuesday.

The bank had asked for LE 40 billion ($7.2 billion) and received bids worth 47.495 billion pounds. It accepted the whole amount at rates between 8.265 percent and 8.282 percent, the same as at the previous auction.

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