CAIRO (Reuters) – Egypt’s central bank has cancelled its monetary policy committee meeting scheduled for Thursday, it said, following an exceptional meeting where key rates were raised by 100 basis points on Monday.
The country’s currency depreciated by about 14% after the unscheduled rate decision.
(Reporting by Nayera Abdallah, writing by Nafisa Eltahir; Editing by Kirsten Donovan)
