Monday , June 21 2021

A week later .. The Central Bank will decide the interest rates .. Details

The Monetary Policy Committee of the Central Bank of Egypt (CBE) will meet next weekend to hold its fifth and special meeting this year to decide on interest rates on banking transactions.

The central bank is expected to resort to a 1% reduction in interest rates on banking transactions, after an increase in cash reserves of more than $ 44.9 billion and an inflation rate of 0.1% by the end of July, an improvement of 0 , 2% compared to the previous month.

Monetary Policy Committee chaired by Tarek Amer, Governor of the Central Bank of Egypt at its fourth meeting and ending on July 11, for the third time in a row, fixed interest rates on banking transactions, at 15.75% and 16.75% for deposit repayments and overnight borrowing, as well as the cost of major operations, loans and a 16.25% discount.

The Monetary Policy Committee aims to hold eight meetings during the current calendar year, four of which have been resolved to leave four other meetings, the fifth of the week.

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