Thursday, June 27, 2019
Home Business The Central Bank decides to fix interest rates on deposits and lending

The Central Bank decides to fix interest rates on deposits and lending

The monetary policy committee of the Central Bank of Egypt (CBE) decided Thursday to keep the overnight deposit and lending rates unchanged at 16.75% and 17.75% respectively, as well as maintaining the price of the main operation of the central bank at 17.25% At 17.25%.

In times of economic slowdown and high inflation, Egyptians resort to using their money surpluses in safe and profitable investment sanctuaries that absorb returns that absorb inflationary effects – the high level of prices of goods and services – and these vessels serve to develop financial resources through various means.


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