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Egypt’s Central Bank Holds Interest Rates
Summary by Sada El Balad
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4 Articles
MPC keeps key policy rates unchanged
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to keep its key policy interest rates unchanged, following an assessment of recent inflation developments, the outlook for price pressures, and the evolving balance of risks surrounding the inflation trajectory. Under the decision, the overnight deposit rate remains at 19.00 per […]
At its meeting today, the Monetary Policy Committee of the Central Bank of Egypt decided to keep the basic rates of return unchanged. The Committee confirmed the rates of deposit and lending for one night and the main operation of the Central Bank at 19%, 20% and 19.5% respectively, and the credit and discount rate at 19.5%.
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