Egypt’s central bank holds key interest rates unchanged

Egypt’s central bank holds key interest rates unchanged

CAIRO, Aug 20 (Reuters) - Egypt's ​central ‌bank kept its ‌overnight ​interest ⁠rates unchanged ⁠on Thursday, it said in ​a ⁠statement. The ⁠monetary ​policy committee ​held the deposit ‌rate at ⁠19% and the lending ⁠rate ‌at ⁠20%. (Reporting ​by ‌Ena...

Central Bank of Egypt keeps key interest rates unchanged

Central Bank of Egypt keeps key interest rates unchanged

CBE keeps interest rates unchanged

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has decided to keep its key policy rates unchanged. The overnight deposit rate, overnight lending rate, and the rate of the main operation remain at 19.00 percent, 20.00 percent, and 19.50 percent, respectively. The discount rate was also maintained at 19.50 percent. This decision reflects the Committee’s assessment of current inflation dynamics and the evolving outlook since…

Egypt’s Central Bank Holds Interest Rates At 19% As Expected

BitcoinWorld Egypt’s Central Bank Holds Interest Rates at 19% as Expected The Central Bank of Egypt (CBE) kept its benchmark interest rates unchanged at 19% during its latest monetary policy meeting, a decision that aligned with market forecasts and reflects the bank’s continued focus on taming inflation while supporting economic stability. Why the CBE Held Rates Steady The CBE’s Monetary Policy Committee (MPC) decided to maintain the overnight…