Egypt central bank set to cut rates by 100 basis points: Poll

CBE expected to cut interest rates to 23%

The median forecast of eight economists surveyed points to the overnight deposit rate falling to 23 percent and the lending rate to 24 percent at the CBE’s Monetary Policy Committee meeting on August 28.

Egypt central bank set to cut rates by 100 basis points

Egypt's central bank is likely to cut its key interest rates by 100 basis points on Thursday to support growth as inflation cools, a Reuters poll showed.

Egypt’s Central Bank Expected To Cut Rates

Egypt’s central bank is expected to lower interest rates this week, with analysts forecasting a significant reduction aimed at supporting growth as inflation continues to cool. The Central Bank of Egypt (CBE) will hold its Monetary Policy Committee meeting on Thursday, August 28, where it is widely anticipated to cut its benchmark rates by 100 basis points. The move would bring the overnight deposit rate down to 23% and the lending rate to 24%, …