CBE Raises Key Interest Rates by 100 Basis Points to Curb Inflation
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CBE decides to raise key interest rates by 1%
The Monetary Policy Committee of the Central Bank of Egypt has decided to increase key policy rates by 100 basis points (1 percentage point) during its meeting on Thursday. Following this adjustment, the overnight deposit rate stands at 20.00 per cent, the overnight lending rate at 21.00 per cent, and the rate for the main […]
CBE Raises Key Interest Rates by 100 Basis Points to Curb Inflation
The Central Bank of Egypt (CBE) raised its key interest rates by 100 basis points, increasing the overnight deposit rate to 20%, the overnight lending rate to 21%, and the rate on its main operation to 20.5%, according to a statement issued by the bank’s Monetary Policy Committee on Thursday.
Today, Thursday, the Central Bank of Egypt decided to raise basic return prices by 100 basis points, in the face of rising uncertainty and external environmental challenges, with a view to consolidating inflation expectations and maintaining its downward path. The decision to raise interest by 100 of its kind since March 6, 2024, when Egypt's central centre decided to increase the return by 600 base points of payment [...] for the first time sin…
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