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Egypt's headline inflation rate rose at its slowest pace in nearly a year in November while the current account deficit fell by more than 65 percent in the first quarter of the fiscal year, offering the latest evidence that the economy is rebounding 12 months after the currency flotation.It held the benchmark rate at 18.75 percent at its last meeting in October and has set an inflation target of 13 percent, plus or minus three percentage points, for the fourth quarter of 2018, and single digits thereafter.The central bank said net unrequited current transfers rose by 37.3 percent to $6 billion, mainly as a result of a $1.6 billion increase in workers' remittances.The gains in the economy, however, have been mainly in investments in government debt with net portfolio investment for the quarter reaching $7.5 billion.
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