US EditionMarket awaits reopening of banks to gauge impact of CBE’s 2.25% rate cut on savings, loans
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Market awaits reopening of banks to gauge impact of CBE’s 2.25% rate cut on savings, loans
Markets are closely watching the reopening of banks on Tuesday—following the Easter and Sham El-Nessim holidays—to assess how the Central Bank of Egypt’s (CBE) surprise 2.25% interest rate cut will affect savings instruments and loan products. The CBE’s key policy rates serve as the primary benchmark for short-term interest rates on the Egyptian pound. In the immediate aftermath of Thursday’s decision, interest rates on floating-rate certificate…
·Egypt
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