Strong expectations for fifth consecutive EGP interest rate hold
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is expected to hold its penultimate meeting of the year on Thursday to decide on key interest rates, which are critical indicators of the Egyptian pound’s short-term trends.
CBE withdraws EGP 1.24trn from 24 banks in open market operation at 27.75%
The Central Bank of Egypt (CBE) withdrew EGP 1.24tn from 24 banks in open market operations last week, at an interest rate of 27.75%. This action follows the CBE’s recent decision to amend its bid acceptance policies. CBE issued new
CBE to decide on interest rate today amid expectations of third consecutive hold – Dailynewsegypt
The Central Bank of Egypt (CBE) will determine on Thursday, the fate of the Egyptian pound’s interest rate. Market analysts widely anticipate that the CBE will opt to maintain the current rates for the third consecutive time. The Monetary Policy