Published 2 years ago

Egypt's central bank hikes interest rates by 200 bps

Summary by Ground News

Egypt's central bank raised its key interest rates by 200 basis points on Thursday. The bank's momentary policy committee increased the overnight lending rate to 12.25% from 10.25%. The committee also hiked the overnight deposit rate to 11.25%, the statement said.

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Reuters

Egypt's central bank hikes interest rates by 200 bps

CAIRO -Egypt's central bank on Thursday raised its key overnight interest rates by 200 basis points, seeking to contain inflation expectations after prices soared by their quickest in three years. The bank's Monetary Policy Committee (MPC) increased the deposit rate to 11.25% from 9.25% and the lending rate to 12.25% from 10.25%, it said in a statement accompanying the decision. Prices

2 years ago·United Kingdom

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Bloomberg

Egypt central bank hikes interest rates by 200 bps

Bank cites rising inflation and price increases due to the Ukraine war for the move

2 years ago·United States

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Arab News

Egypt’s central bank, citing inflation, hikes interest rates 200 bps

Author: Thu, 2022-05-19 21:05 CAIRO: The Central Bank of Egypt on Thursday raised its overnight interest rates by 200 basis points, seeking to contain inflation expectations after prices soared by their quickest in three years. The bank’s Monetary Policy Committee increased the deposit rate to 11.25 percent from 9.25 percent and the lending rate to 12.25 percent from 10.25 percent, it said in a statement accompanying the decision. It cited an…

2 years ago·Riyadh, Saudi Arabia

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Middle East Monitor

Central Bank of Egypt raises policy rates by 200 basis points

The Central Bank of Egypt announced Thursday it raised its key policy rates by 200 basis points, citing high commodity prices, Anadolu News Agency reports. The bank said its overnight deposit rate ...

2 years ago·London, United Kingdom

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صحيفة الاقتصادية

Central Bank of Egypt raises interest rates 200 basis points

The Central Bank of Egypt (CBE) today raised interest rates by 200 basis points. The bank also raised its lending interest rate to 12.25 percent from 10.25 percent, and raised the deposit interest rate to 11.25 percent from 9.25 percent, according to Reuters.

2 years ago

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Egyptian Streets

Central Bank of Egypt Raises Interest Rates by 2%

The Central Bank of Egypt (CBE) announced the raising of interest rates on overnight deposits and loans by two percent on Thursday, 19 May. According to its official statement, the Monetary Policy Committee (MPC) decided to raise the CBE’s overnight deposit rate, overnight lending rate, and the rate of the main operation by 200 basis […]

2 years ago·Egypt

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