Egypt. The Central Bank of Egypt (CBE) raised its interest rates by 600 basis points (bps) on Wednesday and said it would allow the exchange rate to be determined by the market in a bid to ensure a smooth transition to a flexible inflation targeting regime. (Xinhua/Sui Xiankai) ...
CAIRO (Reuters) - The Central Bank of Egypt CBE will leave its overnight interest rates unchanged when its monetary policy committee meets on Thursday as inflation continues to decline, a poll of analysts forecast. The CBE kept rates steady at its last two meetings, on July 18 a...
FILE - CBE CAIRO - 2 February 2022: The Monetary Policy Committee (MPC) decided, Thursday, to keep the Central Bank of Egypt’s (CBE) interest rates unchanged during its first meeting in 2023. The overnight deposit rate, overnight lending rate, and the rate of the main operation were ...
At a surprise meeting, the Monetary Policy Committee of the Central Bank of Egypt (CBE) decided to raise key interest rates by one percent. This is the first time Egypt has raised rates since 2017. The overnight deposit and lending rates were both raised by 100 basis points to 9.25 percen...
CAIRO – 22 June 2023: The Monetary Policy Committee (MPC) decided in its meeting on Thursday to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 18.25 percent, 19.25 percent, and 18.75 percent, respect...
CAIRO (Reuters) - Egypt's central bank as expected left its overnight interest rates on hold on Thursday, saying inflation pressures had subsided but that economic growth had softened. The lending rate remained at 28.25%, while the deposit rate stood at 27.25%, the bank said in a...
The following tier-based annual interest rates apply to your EGP savings account(s) starting 23 June 2022. The interest rates below will apply to the entire minimum monthly balance. For example, if the minimum monthly balance is EGP 100,000 then the corresponding interest rate of 3.50% from ...
Rising interest rates are set to support profitability even as soaring inflation undermines asset growth, writes John Everington. by John EveringtonFresh thinking: the Central Bank of Egypt promotes international standards To continue reading, join our community and benefit from In-depth coverage acro...
Grow your money with higher interest rates. Find out moreFind out more about a Time Deposit Account Savings Certificates A rate of 20.50% per annum A certificate issued in EGP and in the name of the owner 3 year validity and tax exemption ...
The fleet market in Egypt has been hurt by a devalued currency, spiraling new-vehicle price increases, higher interest rates, and fuel price hikes as the government rolls back fuel subsidies. These issues were triggered when the Central Bank of Egypt embarked on a major economic reform progr...