CBE expected to increase interest rate by 1% on Thursday
High inflation, application of VAT would raise Egyptian pound’s interest rate by…
CBE provides 10-year interest-free loan worth EGP 31bn to 3 major banks
The loan is for supporting banks’ capital base and for adjusting the…
Social housing unit owners protest against interest rate on maintenance deposit
Maintenance deposit is EGP 6,750, reaching EGP 12,000 after interest
Banks ignore CBE’s interest rate increase
CBE will not keep current rates and may be reversed in three…
Banks keep ignoring CBE’s interest increase
Limited changes seen at NBE, Banque Misr, Banque Du Caire, and IDBE,…
Banque Misr raises interest rate by 1% on deposits, 0.75% on savings accounts
The interest rates increase on the higher deposits, depending on the segments…
Absence of coordinating council in decision to increase interest rates
The CBE’s accompanying report on the decision was issued without Al-Mashat’s signature…
Banks to hold meetings on Sunday on the fate of interest rates following CBE decision
Banks will watch the decision’s impact’s yield on treasury bills and bonds…
Increase in interest rate threatens ability to attract investments, wastes opportunities
The deflationary policy will increase inflation and production costs will climb, says…
