Egyptian Central Bank Raises Interest Rates by 100 Basis Points - Sarmad
Qiyas summary
The Central Bank of Egypt raises key interest rates by 100 basis points in its first increase since March 2024.
Translated by Qiyas from سرمد — Original source
The Central Bank of Egypt raised its key interest rates by 100 basis points on Thursday, marking the first increase since March 2024.
The bank announced that its Monetary Policy Committee raised the deposit rate from 19 percent to 20 percent, and the lending rate from 20 percent to 21 percent.
