Arab FinanceThe Central Bank of Egypt decided to maintain the main interest rate on the pound Monetary Policy Committee meeting Today, Thursday, for the fourth time in a row, it is at a level of 27.25% for deposits and 28.25% for lending.
The Central Bank of Egypt had decided to hold interest rates unchanged in the last three meetings of the Monetary Policy Committee in May, July and September 2024, after the exceptional interest rate hike in March.
The Egyptian economy has been witnessing monetary tightening for more than two and a half years, as key interest rates on the pound rose by a full 19 percentage points (1,900 basis points) since March 2022, rising from the level of 8.25% for the deposit rate and 9.25% for the lending rate to 27.25% for the deposit and 28. 25% for lending
Related news
