Daily News Egypt

Egyptian Central Bank announces key interest rates will not change - Daily News Egypt

Advertising Area




Advertising Area



Egyptian Central Bank announces key interest rates will not change

Egypt’s Central Bank recently announced on its website that key interest rates on deposits and loans would remain unchanged after a meeting held by its committee for monetary policy.


the bank said that key interest rates for loans would remain at 10.75%, with those for deposits remaining at 9.75% (Abdelazim Saafan/DNE Photo)
the bank said that key interest rates for loans would remain at 10.75%, with those for deposits remaining at 9.75%
(Abdelazim Saafan/DNE Photo)

In a statement the bank said that key interest rates for loans would remain at 10.75%, with those for deposits remaining at 9.75%, adding that a number of Egypt’s most prominent economic experts were torn regarding the soundness of such policies. Some expected rates to increase in order to help contain the country’s rising inflation. The committee raised interest rates 50 points during its last meeting on 21 March, leaving the discount rate unaltered at 10.25%.

 

Advertising Area

Advertising Area



https://www.dailynewsegypt.com/2013/05/11/egyptian-central-bank-announces-key-interest-rates-will-not-change/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe