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Wednesday, 16 October 2019

CBE keeps interest rates on deposits, loans unchanged

MENA , Thursday 11 Jul 2019
Central Bank of Egypt
Central Bank of Egypt's headquarters is seen in downtown Cairo, Egypt, November 3, 2016. (Photo: Reuters)
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The Central Bank of Egypt (CBE) decided to keep the overnight deposit rate and overnight lending rate unchanged at 15.75 percent and 16.75 percent respectively.

The decision was made by the CBE Monetary Policy Committee during a meeting held earlier on Thursday.

Also, the committee decided to fix the rate of the CBE’s main operation and the discount rate at 16.25 percent each.

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