Wednesday, November 14,
Egyptian Central Bank (CBE) is expected to discuss Thursday deposits and lending rates, hoping that interest rates will stabilize.
The Central Bank of Egypt's monetary policy committee has decided to keep overnight deposit and loan rates at 16.75 percent and 17.75 percent, while maintaining the central bank's interest rate at 17.25 percent and the credit and discount rate at 17.25. %.
When the economic downturn and inflation reached 17% last month, the Egyptians used surplus funds in safe and profitable investment reserves to absorb inflationary effects – a high level of inflation – and to develop resources through multiple investment lines meaning.
Source: Day 7