Arab Finance: The Monetary Policy Committee of the Central Bank of Egypt decided, during its last meeting in 2024, to maintain key interest rates at their current levels, according to… For a statement Released on Thursday, December 26th.
The overnight deposit rate remained at 27.25%, the overnight lending rate at 28.25%, and the main operating rate at 27.75%. Likewise, the discount rate remained unchanged at 27.75%.
In addition, the Monetary Policy Committee also decided to extend the inflation target horizons to the fourth quarter of 2026 and 2028.
Targets were set at 7% (±2 percentage points) and 5% (±2 percentage points) on average, respectively.
The move is in line with the central bank's gradual shift towards a comprehensive inflation targeting framework.
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