The Central Bank of Egypt (CBE) Governor Tarek Amer said nothing would prompt him to intervene to prop up the EGP, calling those policies ‘history’ in an interview published on Thursday by business newsletter Enterprise. "Intervene No. Absolutely not. This is history. There will be no intervention. Everyone was talking about us pumping in USD2-4bn. That's not it. That runs exactly contrary to the idea we were implementing". Amer also said that the stock market is up 35% since the floatation decision was taken on 3 November. Portfolio investors in the debt market came almost immediately with cUSD1bn worth of inflows in the month since the decision, he said, adding that this was not expected in the first month. "This is great news and we expect more to come. (Enterprise, Reuters)