Egypt's central bank raised its key interest rates by 100 basis points in an exceptional monetary policy committee meeting, it said in a statement on Monday.
The central bank set its overnight lending rate at 10.25% and its overnight deposit rate at 9.25% citing global inflationary pressures amplified by the war in Ukraine.
The monetary policy committee had been scheduled to meet on March 24.
Egypt's pound currency traded at 17.42-17.52 against the US dollar on Monday, Refinitiv data showed.
The currency had been trading at around 15.7 pounds to the dollar a day prior.