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Egypt raises interest rates by 1 pct to curb inflation

STORY: Egypt raises interest rates by 1 pct to curb inflation DATELINE: Aug. 4, 2023 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. File footage of the Central Bank of Egypt 2. File footage of an accountant counting banknotes 3. File footage of the National Bank of Egypt 4. File footage of Banque Misr STORYLINE: Egypt decided to raise the interest rates by 100 basis points in a bid to contain high inflation, the Central Bank of Egypt (CBE) announced on Thursday. The deposit and lending rates were raised to 19.25 percent and 20.25 percent, respectively, while the rate of the main operation and the discount rate were increased to 19.75 percent, the CBE said in a statement after a meeting of the Monetary Policy Committee. Egypt's annual urban headline inflation increased to 35.7 percent in June, up from 32.7 percent in May, and the annual core inflation climbed to 41 percent in June from 40.3 percent in May, the CBE noted. The CBE said a rate hike of 100 bps is warranted for easin

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Kokubo finishes 8th in men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo competes during his second and final run in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run.

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Kokubo finishes 8th in snowboard men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo got an abrasion on his face from falling during his run in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run.

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Kokubo finishes 8th in snowboard men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo reacts after he fell during his first of two runs in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run.

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Kokubo finishes 8th in snowboard men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo takes a fall during his first of two runs in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run.

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Kokubo finishes 8th in snowboard men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo competes during his first of two runs in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run.

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Kokubo finishes 8th in snowboard men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo got an abrasion on his face from falling during his run in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run. (Kyodo)

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Kokubo finishes 8th in snowboard men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo reacts after he fell during his first of two runs in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run. (Kyodo)

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Kokubo finishes 8th in snowboard men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo takes a fall during his first of two runs in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run. (Kyodo)

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Kokubo finishes 8th in men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo competes during his second and final run in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run. (Kyodo)

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Kokubo finishes 8th in snowboard men's halfpipe

CYPRESS MOUNTAIN, Canada - Japan's Kazuhiro Kokubo competes during his first of two runs in the snowboard men's halfpipe finals at the Vancouver Winter Olympic Games on Cypress Mountain in West Vancouver on Feb. 17, 2010. Kokubo placed eighth in the competition with 35.7 points in his second run. (Kyodo)