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View Full Version : Egypt Raises Key Rate for First Time Since 2008 to Stem Flight From Pound - Bloomberg



NewsWhore
11-24-2011, 01:10 PM
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Egypt Raises Key Rate for First Time Since 2008 to Stem Flight From Pound (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHCqSnZceNCofyf4BqnDj-mws71Yg&url=http://www.bloomberg.com/news/2011-11-24/egypt-raises-key-rate-for-first-time-since-2008-to-stem-flight-from-pound.html)
Bloomberg
That reflects bets for the currency to fall from 6.0030 per dollar over the life of the contracts. The violence forced the government to quit days after Finance Minister Hazem El Beblawi said he may ask the International Monetary Fund for a $3 billion ...

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