Published 07/23/2024 8:54:12 p.m.

CBE withdraws EGP 947.1bn from banks in open market operations at 27.75% interest rate - Dailynewsegypt

Summary by Daily News Egypt

The Central Bank of Egypt (CBE) withdrew EGP 947.1bn from 32 banks in open market operations on Tuesday, at an interest rate of 27.75%. This action follows the CBE’s recent decision to amend its bid acceptance policies. Last week, the CBE secured EGP 1.119trn in liquidity from 32 banks in a similar open market auction. The Central Bank issued new instructions regarding the regulations governing the main operation for deposit linking (Main Operat…

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CBE withdraws EGP 947.1bn from banks in open market operations at 27.75% interest rate - Dailynewsegypt

07/23/2024 8:54:12 p.m.·Egypt

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CBE withdraws EGP 947.1bn from banks in open market operations at 27.75% interest rate - Dailynewsegypt

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CBE withdraws EGP 947.1bn from banks in open market operations at 27.75% interest rate - Dailynewsegypt

CBE withdraws EGP 947.1bn from banks in open market operations at 27.75% interest rate - Dailynewsegypt

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