Egypt's cenbank raises interest rates by 200 bps to tame inflation

Central Bank of Egypt Raises Key Interest Rates by 2%

The Egyptian central bank’s Monetary Policy Committee (MPC) raised the key interest rates by two percent on 30 March to cope with rocketing inflation. Despite meeting in February, this is the MPC’s first change in interest rates this year. The MPC further raised the overnight deposit rate to 18.25 percent, the overnight lending rate to

Egypt hikes interest rates by 2 pct to contain inflation

CAIRO, March 30 (Xinhua) -- Egypt's Monetary Policy Committee (MPC) decided to raise the interest rates of the Central Bank of Egypt (CBE) by 200 basis points in a new bid to contain high inflation, the CBE said on Thursday. Read full story

Egypt raises interest rates to curb surging inflation

Egypt's Central Bank says it has raised interest rates as the embattled Middle Eastern country continues to battle surging inflation and a depreciating currency. The bank says the most basic

Egypt raises interest rates to curb surging inflation

Egypt's Central Bank says it has raised interest rates as the embattled Middle Eastern country continues to battle surging inflation and a depreciating currency

Egypt’s central bank raises interest rates in move to curb inflation

Monetary policy committee resumes tightening cycle after holding rates in previous meeting

Egypt's cenbank raises interest rates by 200 bps to tame inflation

The Central Bank of Egypt (CBE) raised its overnight interest rates by 200 basis points (bps) on Thursday following a meeting of its Monetary Policy Committee (MPC), saying it aimed to bring high inflation into check.