Egypt cenbank raises interest rates by 200 bps amid IMF talks zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
The Central Bank of Egypt (CBE) announced a two percent increase in interest rates on Thursday, 1 February, marking the first hike since August 2023. The overnight lending and deposit rates now stand at 22.5 percent and 21.25 percent, respectively. Despite persistent inflation, rates had remained unchanged for several months, with the average inflation rate
Egypt s central bank raised its
overnight interest rates on Thursday by 200 basis points ,
a move some analysts said may indicate a currency devaluation is
on the way. The bank hiked the. -February 01, 2024 at 03:22 pm EST
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The Mena region’s post-pandemic progress and the policies that can help secure a more sustainable, inclusive recovery, said the International Monetary Fund (IMF) in a new report.