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Price stability top priority, says CBE governor

Price stability will be the Central Bank of Egypt's (CBE) main focus in the coming period, said CBE Governor Farouk El-Okdah.

27 Nov 2008

"I am not saying that growth is not important. I said our overriding objective is price stability," Okdah told a news conference Wednesday, which some interpreted as an attempt to curb expectations of interest rate cuts.

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