Private banks move to protect their deposits after governmental banks raise interest rate to 20%
Banks issue new savings certificates at high interest rates; others increased return…
Interest rates for deposits set at 11.75%, lending at 12.75%: Monetary Policy Committee
The committee’s decision comes in an effort to control the rising rate…
CBE raises interest rate to its record high in 11 years
This increase boosts the CBE's deposit rate to 11.75% and lending to…
High interest rate hinders banks in Egypt from obtaining foreign loans
Foreign institutions require high return interest rates of 5.5%, which is unsuitable…
Basic interest rate raised by 1.5%
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…
US Federal Reserve raises interest rates on dollar to 0.5%
The US Federal Reserve raised the interest rates on the dollar with…
CBE may raise interest rate on the pound next Thursday: analyst
Rising inflation and expectations of higher dollar interest may raise the interest…
World Bank agrees to raise Egypt’s portfolio to $6bn: Nasr
World Bank highly considers giving $3bn loan to support budget, the first…
