CBE Keeps Interest Rates UnchangedSource: www.export-egypt.com 11/16/2018, Location: Africa |
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 The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) kept interest rates on hold , for the fifth time this year, meeting the expectations of experts and investment banks.
MPC set the overnight deposit rate and the overnight lending rate at 16.75 percent and 17.75 percent, respectively. During the meetings of September, August, June and May, MPC also kept the interest rates unchanged after lowering them twice earlier this year by 1 percent each time. |
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