US EditionEgyptian market awaits impact of 1% rate cut on savings returns, loans and debt instruments - Dailynewsegypt
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Interest rates on variable returns and certain loan products associated with the pricing of the Curedor automatically declined after the central decision the ALECO Assets and Liabilities Committees, which are responsible for determining interest rates, and Sunday, consider the fate of the return rates on their savings and loan products, after the Central Bank of Egypt decided to cut interest last Thursday by...
Egyptian market awaits impact of 1% rate cut on savings returns, loans and debt instruments - Dailynewsegypt
The Egyptian market is awaiting banks’ return to business, Sunday, following the weekend break, to assess the impact of the Central Bank of Egypt’s (CBE) decision last Thursday to cut interest rates by 1% on returns from savings products and the cost of borrowing. The Monetary Policy Committee (MPC) of the CBE decided to reduce
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